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  • Vendu
SOLD: Investment/Development Opportunity - #1
SOLD: Investment/Development Opportunity - #2
SOLD: Investment/Development Opportunity - #3
SOLD: Investment/Development Opportunity - #4
Opportunity to purchase a retail investment property with four units currently tenanted by Oishii Sushi, Kintaro Ramen, Wild Garlic Bistro, and one vacant space. The Property is located mid-block on Denman Street between Robson Street and Alberni Street in Downtown Vancouver. The single-storey multi-tenant building has a total of 4,530 SF of leaseable area and six surface parking stalls with one loading stall. Stabilized net operating income is approximately $186,420 with an administration fee of 15% charged on all Operating Costs for each tenant.

774 Denman is currently zoned a C-5 (West End Commercial). The intent of this schedule is to provide for retail and service uses and forms of development which are compatible with the primarily residential character of the West End. With a population of over 45,000, the West End / English Bay area is the most densely populated area in Metro Vancouver. It is located on the Downtown Peninsula, bordering the world-famous Stanley Park, the popular English Bay Beach and the downtown business district. The downtown core is just minutes away, making this area an ideal home for office workers, as well as those who seek independence from their car. It is connected to the Downtown street grid, and is well served by several transit routes. The West End is particularly well known for Robson, Davie and Denman Streets, and is a primary shopping area and a major tourist destination. These streets are filled with upscale boutiques, trendy clothing stores, restaurants and coffee shops.
  • 04/13/2013
  • Sold