Downtown Significant Price Reduction Vancouver
Commercial-Broadway Station
SUBJECT PROPERTY
Nanaimo St
FOR SALE
2411 Nanaimo Street, Vancouver, BC
Retail Owner-User or Redevelopment Opportunity
Nick Goulet Stuart Wright Macdonald Commercial Avison Young Personal Real Estate Corporation Personal Real Estate Corporation 604.714.5526 604.647.5097 [email protected] [email protected] LOCATION NANAIMO STREET LAND USE PROPERTY The property is located on the west side of Nanaimo Street, Shopping Nodes E HASTINGS ST between East Broadway to the south and East 8th Avenue to SUMMARY the north on the Eastside of Vancouver. Broadway is one of Small commercial nodes are located Vancouver’s busiest streets, a prominent east-west traffic corridor at the intersections of Charles Street, that links Vancouver to Burnaby and the cities to the east. E GEORGIA ST East 1st Avenue, and Broadway. These LOT SIZE Vancouver International Airport is just 30 minutes to the south- areas will be enhanced with new mixed- 9,048.60 SF VENABLES ST (66 ft width x 137.1 ft depth) 2411 west, Commercial-Broadway SkyTrain Station is only 850 metres use development, providing ownership T S
O opportunities and new shops and M away, and Downtown Vancouver is a 10-minute drive, which I A LEGAL DESCRIPTION Nanaimo Street N NAPIER ST A
N services. The highest buildings will be provides a whole list of amenities, sporting venues, restaurants, LOT 16, BLOCK 150, PLAN Vancouver, BC located closest to the intersection. bars and beaches. VAP2469, DISTRICT LOT 264A, NEW Public realm improvements will further WESTMINSTER LAND DISTRICT, OF Macdonald Commercial is pleased to enhance the commercial nodes. LOT 3 OPPORTUNITY HIGHLIGHTS present the opportunity to purchase a GRANT ST PID STOREYS single storey commercial retail building 6-storey mixed-use One of East 013-741-047 1 E 1ST AVE Legend that is ideal for an owner-user and an development opportunity Vancouver’s most in Vancouver’s accessible east-west SkyTrain line BUILDING SIZE YEAR BUILT excellent development opportunity in Grandview-Woodland transit thoroughfares Park E 3RD AVE 3,083 SF 1962 the heart of the Grandview-Woodlands Neighbourhood School / Institutional area of Vancouver, one of the city’s CURRENT ZONING E 5TH AVE Apartment (6-storeys) Owner-Operator retail / 10 minutes on foot C-1 Commercial (1.2 FSR) most active, vibrant and developing office opportunity to the rapid transit Apartment (4-storeys) Millennium and Expo neighbourhoods. This property is E 7TH AVE LAND USE DESIGNATION & FSR Lines SkyTrain Station Courtyard rowhouse / SUBJECT traditional rowhouse currently zoned C-1 Commercial. PROPERTY (3.5-storeys) Up to 6 Storeys Mixed-Use - E BROADWAY Residential with Commercial at Duplex However, the property falls within BIKE & TRANSIT SCORES Grade (3.2 FSR) the Grandview-Woodland Plan, which At-grade choice of use E 11TH AVE ESTIMATED BUILDABLE AREA BIKE SCORE TRANSIT SCORE At-grade commercial allows for the mixed-use development N Very Bikeable Excellent Transit 28,955.52 SF* Local-serving retail site potential of up to 6 storeys / 87 Biking is convenient 75 Transit is convenient 28,955.52 SF on the subject site*. for most trips for most trips Shopping node boundary TAXES $17,670,10 (2020) Source: walkscore.com Source: City of Vancouver TENANT Trocadero Pizza and Steak House
TERM Month-to-Month
NOI $30,000/annum
137.1’ E8th Ave ASKING PRICE $5,900,000
*Based on 3.2 FSR allowed under the Grandview-Woodland Plan for properties with over 120 feet of frontage 66’
Nanaimo St Venables St
COMMERCIAL DRIVE N Business Improvement Area 22 blocks with over 300 shops & restaurants
Commercial Dr Nanaimo St
1 E 1st Ave
2 A
Millennium Line N Grandview Hwy VCC - Clark
SUBJECT PROPERTY EXPO Line & Millennium Line E 8th Ave Commercial-Broadway 3 5 E Broadway 4 1 2 6 7 8
E 13th Ave
B S Grandview Hwy AMENITIES Drive time to RESTAURANT/CAFE SHOPPING/SERVICES LEGEND Commercial- 4 min 1. Song Huong Restaurant 1. Safeway SKYTRAIN STATION Broadway Station 2. Cindys Palace 2. TD Canada Trust EXPO LINE Downtown 10 min 3. Bon’s Off Broadway MILLENNIUM LINE Vancouver 4. Golden Spring Restaurant PARK YVR 30 min 5. Yook Korean Grilled GRANDVIEW-WOODLAND COMMUNITY BOUNDARIES 6. Kaur’s Coffee A. Garden Park 7. Got Pho Thien Kim B. John Hendry Park 8. Boteco Brasil Restaurant (Trout Lake Park)
Although this information has been received from sources Nick Goulet Stuart Wright deemed reliable, we assume Macdonald Commercial Avison Young no responsibility for its accuracy, and without offering Personal Real Estate Corporation Personal Real Estate Corporation Macdonald Commercial Real Estate Services Ltd. advice, make this submission subject to prior sale or lease, 604.714.5526 604.647.5097 1827 W 5th Ave, Vancouver, BC V6J 1P5 change in price or terms and [email protected] [email protected] www.macdonaldcommercial.com withdrawal without notice.