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786 POWELL Street
Strathcona Vancouver V6A 1H6

$2,995,000
Industrial, Office

Main Photo: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
Photo 1: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
Photo 2: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
Photo 3: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
Photo 4: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
Photo 5: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
Status:
Active
Prop. Type:
Industrial, Office
MLS® Num:
C8059035
Build. Type:
Freestanding
Iconic Properties Group introduces a lucrative investment opportunity—a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth.
Sale Type:
Asset
Total space avail for lease:
4,682 sq. ft.
Construction:
Concrete
Building Type:
Freestanding, Low Rise (2-4 stories)
# Storeys:
2.0
Year built:
1978 (Age: 46)
Total Floor Area:
4,682 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
3,050 sq. ft.
Lot Depth:
122
Lot Frontage:
25'
Land Use/Zoning:
M-2
Permitted Use:
Industrial
Taxes:
$32,346.2 / 2023
# Elevators:
1
# Grade Doors:
1
# Loading Doors:
1
Env Assmt Phase:
Not Applicable
  • Photo 1: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
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  • Photo 2: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
    Photo 2 of 5
  • Photo 3: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
    Photo 3 of 5
  • Photo 4: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
    Photo 4 of 5
  • Photo 5: 786 POWELL Street in Vancouver: Strathcona Industrial for sale (Vancouver East)  : MLS®# C8059035
    Photo 5 of 5
Listed by Stonehaus Realty Corp.
Data was last updated July 14, 2024 at 10:10 PM (UTC)
Mark Cumming
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