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51 W HASTINGS Street in Vancouver: Downtown VW Retail for sale (Vancouver West) : MLS® # C8017200

51 W HASTINGS Street Vancouver V6B 1G4 : Downtown VW

Main Photo: 51 W HASTINGS Street in Vancouver: Downtown VW Retail for sale (Vancouver West)  : MLS® # C8017200banner
$1,498,000
Prop. Type:
Retail
MLS® Num:
C8017200
Status:
Active
Build. Type:
Street-Level Storefront
Excellent Investment Property, Located in Prime emerging Crosstown area of Vancouver. Crosstown sits in the heart between Gastown, downtown, Chinatown and Yaletown. The centralized location has plenty of great amenities such as: Cineplex Odeon International Village Cinemas and popular Asian supermarket chain T&T. To add the Corner Lot semi adjacent a brand new Mix use 10-story building is being build by Holborn, providing 132 new units to the area. With a 10 Year lease and Escalating rent starting a $33sqft to $38sqft the property holds a Great Cap Rate at 3.4% and Additional 5% management free retained. This property will not last long. Call now to for more information. For more information visit the website.
Sale Type:
Asset
Property Type:
Retail
Building Type:
Street-Level Storefront
Year built:
2008 (Age: 10)
Total Floor Area:
Switch units of measure1,553 sq. ft.
Land Use/Zoning:
DD
Taxes:
$9,687.88 / 2017
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
Listed by William Wright Commercial R.E.
Listing information last updated on 13-Feb-2018 9:05 PM
Mark Cumming