5.51% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building. Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027. Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor. Ideal holding property with future redevelopment potential. Good for long term investor, owner-user or developer. (id:4069)
Address
2947 GRANVILLE STREET
List Price
$9,970,000
Property Type
Retail
Transaction Type
Sale
Area
British Columbia
Sub-Area
Vancouver
Floor Area
12,956 Sq. Ft.
Lot Size
6480 Sq. Ft.
Year Built
1940
MLS® Number
C8082216
Listing Brokerage
TRG Commercial Realty Ltd.
Postal Code
V6H3J6
Zoning
C3A
Features
Disabled Access, Lane
Amenities
Street Lighting
