FOR SALE Excellent Holding Property Near the Future

Millennium Line Extension Future Arbutus Street SkyTrain Station

ARBUTUS ST

SUBJECT PROPERTY

W BROADWAY

1946 West Broadway , BC Opportunity The subject property is located 270 metres (3-minute walk) to the proposed future Arbutus Street SkyTrain Station on the Millenium Line Broadway Extension. This excellent holding property features 50 ft of frontage along Broadway, a major east-west thoroughfare in Vancouver. This is the first time offering in 20 years.

Rick Lui* NAI Commercial Vice President 1075 W Georgia St, Suite 1300 604 644 6182 Vancouver, BC V6E 3C9 [email protected] +1 604 683 7535 *Personal Real Estate Corporation naicommercial.ca 1946 West Broadway Property Details

Vancouver, BC 1946 West Broadway Civic Address: Vancouver, BC V6J 1Z2

Opportunity Lot 6 Block 346 Plan This excellent holding property features 50 ft of frontage along West Legal Description: VAP590 District Lot 526 Broadway and 125 ft of depth. It is a short 3-minute walk from the Land District 36 future Arbutus St SkyTrain Station on the Broadway Extension. Amenities within walking distance include Blenz Coffee, Greens Organic & Natural Market, Manchester Public Eatery, PID: 015-187-748 Akbar’s Indian Restaurant, Pallet Coffee Roasters, BC Liquor Store and more. Lot Size: 6,250 SF In June 2018, City Council approved the Terms of Reference for Broadway Planning Program, with the goal to “support growth Dimensions: 50’ x 125’ while maximizing the opportunities associated with the new rapid transit connection to the region.” This plan will address the need for increased job space, deepening housing affordability, new/improved Ground 2,080 SF connections, improved parks & public areas and additional public Leasable Area: Second 2,312 SF amenities. (Source: City of Vancouver) Total 4,392 SF The building is well maintained with parking at rear. A solid holding property with foreseeable appreciation in value. Annual $161,325.96 Gross Income: Recent Sales Comparables Zoning: C-3A Commercial District 2096 West Broadway, Vancouver Sale Date: May 24, 2018 FSR: 3.00 Sale Price: $16,895,000 Site Size: 9,375 SF Price per SF: $1,802 Property Taxes $76,203.65 (2018): 1876 West Broadway, Vancouver

Sale Date: October 26, 2017 Price: $11,380,000 Sale Price: $12,125,000 Site Size: 6,250 SF Price per SF: $1,940 Price/SF $1,820.80

Rick Lui* Vice President 604 644 6182 [email protected] *Personal Real Estate Corporation

SUBJECT PROPERTY

1075 W Georgia St, Suite 1300, Vancouver, BC V6E 3C9 +1 604 683 7535 | naicommercial.ca

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied. Aerial image(s) courtesy of Google, Landsat/Copernicus | SkyTrain map courtesy of Translink.