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Main Street Vancouver, Bc Partnership. Performance. FOR SALE Rare opportunity to acquire a 6,846 sf 2333 development site located on the highly MAIN STREET desirable Main Street corridor. VANCOUVER, BC Rob Greer*, Principal Carey Buntain, Vice-President 604.647.5084 604.647.1352 [email protected] [email protected] * Robert Greer Personal Real Estate Corporation MAIN STREET 2333 VANCOUVER, BC Executive Summary Opportunity Avison Young is pleased to present this unique opportunity to acquire a 6,846 sf development site with holding income located at 2333 Main Street, Municipal Address 2333 Main Street, Vancouver, BC Vancouver, BC (the “Property”). The building is situated along the Main Street corridor and has tremendous upside in rental income, development, and Parcel Identifiers assembly potential. 015-551-288, 015-551-300 Legal Description Tenant Profile Lot 8, Except the North 29 Feet, Block 44 District Lot 200A Plan 197 & Lot 8, Block GROSS LEASABLE 44 Plan VAP197 District Lot 200A New UNIT AREA EXPIRY RENT Westminster Commercial Units Property Features Site Area Antisocial 1,649 mth to mth $6,000 6,846 sf (as per VanMaps) Skateboard Shop Site Dimensions 2331 Main Street 2,050 vacant ~$7000 52’ x 132’ (approximate) 1st Floor Gross Area 3,699 sf Residential Units Zoning Mid-block site C-3A Unit 1 424 April 30, 2018 $815 Gross Floor Area Unit 2 390 July 31, 2018 $760 3.00x the site area Unit 3 400 May 31, 2018 $800 Gross Potential Density Unit 4 455 July 31, 2018 $800 20,538 sf Unit 5 498 March 31, 2018 $880 Value-add in both Heritage Density* Unit 6 408 July 31, 2018 $810 the retail and rental units 0.30 FSR (10% increase) Unit 7 387 June 30, 2018 $800 Potential Heritage Density Unit 8 411 May 31, 2018 $800 2,054 sf 2nd Floor Gross Area 3,373 sf Total Gross Buildable Density Total Gross Area 7,072 sf $12,465 Clear Title 22,592 sf Asking Price Contact listing agents * For the purposes of this section “heritage density” means density 2 commercial retail provided as compensation for a heritage designation, which is transferred from the site of the designated heritage property to units & 8-studio rental another site in accordance with Council’s Transfer of Density Policy apartments and Procedure. (City of Vancouver C-3A Zoning Bylaw, April 2015) Existing zoning allows Offering Process up to a 3.00 FSR Interested parties will receive a Confidential Information Memorandum, as well as access to an online data room for the opportunity, upon execution of a Confidentiality Agreement. A form of offer approved by the Assembly potential owner is available in the online data room. Downtown Vancouver Gastown Railtown Main Street - Science World Station Olympic Village False Creek Flats Subject Property MAIN STREET Mount Pleasant EAST BROADWAY KINGSWAY Walk Score: 99 “Walker’s Paradise” 99 Daily errands do not require a car BIKE Score: 93 Location “Biker’s Paradise” 93 Some hills, excellent bike lanes The Property is located in the Uptown shopping area of the Mount Pleasant region, between Main and Quebec Street. Mount Pleasant has seen an immense amount of growth and redevelopment in recent years, with the OCP specifically permitting a re-vamp of Main Street (from 2nd to 7th Avenue), Kingsway and the Broadway Corridor. Specifically, this site is located in proximity to multiple TRANSIT Score: 85 mixed-use development sites supporting both employment and 85 “Excellent Transit” residential growth. Transit is convenient for most trips Shop Eat Play Learn 1. 8th & Main 5. Nirvana 12. Jonathan Rogers Park 16. Vancouver Public Library 2. The Rag Machine 6. Eight ½ Restaurant Lounge 13. Major Matthews Park 17. Sarah McLachlan School 3. Pulp Fiction Books 7. Nice Café 14. Dude Chilling Park of Music 4. F as in Frank Vintage 8. The Wallflower 15. Mount Pleasant 18. Vancouver College of Counsellor Training Clothing 9. Budgies Burritos Community Centre 19. Goh Ballet Academy 10. La Petite Cuillere 11. Main Street Brewing Co EAST 6TH AVENUE 18 EAST 7TH AVENUE 11 17 5 12 SUBJECT 16 PROPERTY 15 13 6 EAST 8TH AVENUE 19 7 9 BRUNSWICK STREET 1 3 2 8 10 4 KINGSWAY EAST BROADWAY MAIN STREET 14 MANITOBA STREET ONTARIO STREET QUEBEC STREET Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com Rob Greer*, Principal Carey Buntain, Vice-President © 2018 Avison Young. All rights reserved. 604.647.5084 604.647.1352 E. & O.E.: The information contained herein was obtained from [email protected] [email protected] sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real * Robert Greer Personal Real Estate Corporation Estate (B.C.) Inc.; DBA, Avison Young..
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