A 2-storey retail and aparment building on a prime stretch of West 4th Avenue has sold for $8,800,000. The building at 2041 West 4th is located on a 50 ft. lot and is zoned C-2B. The ground floor retail is currently leased to Turf for the next 6 years. The upstairs consists of two higher end rental units.

The sale price equates to $1,050 per SF for the building.

A virtual tour of the Property can be viewed here: https://fraserelliott.com/2041-w-4th-avenue-vancouver/

I am pleased to present the opportunity to acquire a fully leased auto dealership on Main Street.

Address: 

4575 Main Street, Vancouver BC

Property Features:

• Prime Single Tenant Retail Investment Opportunity at Land Value
• Quality Covenant: National Auto Dealer Tenant
• 5-Year Lease with Two Five Year Renewal Options
• Quality Improvements with Recent Renovations 
• Over 277 feet of frontage at the corner at Main Street and East 30th Avenue 
• 25,341 SF, C-2 zoned site in Mature, Stable Neighbourhood
• Excellent opportunity for future 6-storey rental development under C-2 zone
• Demolition option within first renewal term

Asking $23,000,000, going-in 3.9% cap rate, increasing to 4.25% with rent bumps.

Please contact me for further details.

A rezoning application has been submitted for a 66 foot, mid-block site at 3353 Cambie Street, on the West side of Cambie between West 17th and West 18th Avenues. The site is currently improved with older single storey retail.

The proposal is to rezone from the current C-2 zoning under the Cambie Corridor Plan to allow a new 6-storey office building. The proposal includes:

• 3,200 SF of ground floor retail/restaurant space;
• 4,700 SF of childcare space on 2nd floor
• 16,200 SF of office space on levels 3 to 6;
• A total density of 3.0 FSR;
• A building height of 78 ft.;
• 36 parking spaces and 10 Class A bicycle parking spaces.

The architect for the project is Radiant City Architecture Inc.