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1548 W 2ND Avenue in Vancouver: False Creek Retail for sale (Vancouver West) : MLS®# C8021408

1548 W 2ND Avenue Vancouver V6J 1H2 : False Creek

Main Photo: 1548 W 2ND Avenue in Vancouver: False Creek Retail for sale (Vancouver West)  : MLS®# C8021408
$988,000
Prop. Type:
Retail, Office
MLS® Num:
C8021408
Status:
Active
Build. Type:
Condo Strata Complex
Do NOT disturb the tenant. Access only through the listing agent. Excellent location in the "Waterfall Building" by Arthur Erickson in the False Creek / Fairview neighbourhood, right beside Granville Island. Retail / Office strata unit located in a mixed-use commercial and residential building offers heavy walk by foot and vehicular traffic. Split, two level unit comprises of 350 sq. ft. +/- on the 2nd floor with 750 sq. ft. +/- on the ground floor, with courtyard access. 1,102 sq. ft. total. Tenant in place until 2023 with an annual escalating lease in place with an average $35,792/annum net income over the 5 years+/- remaining, rising in $46,284 NOI in final year.
Sale Type:
Asset
Property Type:
Retail, Office
Construction:
Concrete Block, Concrete, Steel Frame
Building Type:
Condo Strata Complex, Mixed Use
Year built:
2001 (Age: 18)
Total Floor Area:
Switch units of measure1,102 sq. ft.
Retail Size:
Switch units of measure750 sq. ft.
Mezzanine Size:
Switch units of measure352 sq. ft.
Land Use/Zoning:
C-2B
Taxes:
$10,799.93 / 2018
Air Conditioning, Alarm System
# Elevators:
1
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by Macdonald Commercial R.E.Serv.
Listing information last updated on November 19, 2018 at 08:05 PM (UTC)
Mark Cumming
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