1250 COMMERCIAL DRIVE, Vancouver, BC V5L3X4
1250 COMMERCIAL DRIVE, Vancouver, BC V5L3X4

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Additional details
Nader Bakhoum, PMP, P.Eng.

Nader Bakhoum, PMP, P.Eng.

+1(604) 612-7228
$ 799,000
Est. payment | /mo

680 SqFt

Save
$ 799,000
Est. payment | /mo
Save

680 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 680

Square Footage 680 sqft

Price per Sqft $1,175

MLS® Listing ID C8080613

Condo Fees $528/mo

Year Built 1997

Property Description

Excellent income-producing investment with an approximate 5.41% cap rate and long-term stable rental income. Prime retail investment opportunity on vibrant Commercial Drive. This approximately 680 SF strata retail unit is fully leased to an established long-term tenant to 09/30/2028 with a 3 years renewal option, providing secure and reliable cash flow. Includes 1 secured underground parking stall. Major capital improvements include building-wide plumbing replacement (2022) and a new HVAC system (2023), minimizing future maintenance concerns. A turnkey investment opportunity in one of Vancouver's most sought-after retail locations. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Sewer Storm sewer

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1250 COMMERCIAL DRIVE