FOR SALE CHINATOWN INVESTMENT OPPORTUNITY 626 MAIN STREET, VANCOUVER BC CASEY WEEKS MORGAN IANNONE Colliers International Personal Real Estate Corporation Personal Real Estate Corporation 200 Granville Street | 19th Floor Senior Vice President Vice President Vancouver, BC | V6C 2R6 604 661 0811 604 662 2654 604 681 4111 [email protected] [email protected] PROPERTY FEATURES LOCATION The subject property is strategically located in the 600 block of Main Street, mid-block between • Prime Main Street location in the heart of Chinatown’s revitalization East Georgia and Keefer Streets, in the heart of Chinatown’s revitalization. • Great opportunity for owner-user or investor Within blocks of the subject property, over 2,000,000 SF will be developed over the next • Share the street with the London Pub, Vancity Credit Union, Dalina and Matchstick Coffee seven years, most notably the new St. Paul’s Hospital and Health Campus, expected to open • Diversified income stream from 9 residential micro suites and 1,787 SF of prime retail space in 2026 at an estimated cost of $1.9 Billion, which will create substantial new business, population and opportunity throughout the neighbourhood. • Not listed in the City of Vancouver SRO Registry • Development potential with assembly of neighbours Retail lease rates are strong and rising as Chinatown has solidified itself as one of Vancouver’s most desirable neighbourhoods. Famous for its creativity and culture, Chinatown is abundant with unique boutiques, fashion forward shopping and renowned dining with hotspots such as DEVELOPMENT POTENTIAL Mamie Taylors, Bao Bei, Keefer Bar, and Juniper to name just a few. • Loacated within the HA-1A Zoning Boundary • Maximum Building Height of 75 feet SALIENT FACTS • FSR is not prescribed CIVIC ADDRESS 626 Main Street, Vancouver BC • Potential for laneway commercial frontage • Full zoning scheduele available upon request LEGAL DESCRIPTION LOT 6 BLOCK 17 DISTRICT LOT 196 PLAN 184 PID 014-938-898 IMPROVEMENTS ZONING HA-1A Retail Space Constructed in 1949, and not on the Vancouver Heritage Registry, the subject property is LOT DIMENSIONS 25 Ft x 121 Ft improved with a two-story building of wood frame and concrete block construction. LOT SIZE 3,000 SF The main floor retail space is estimated to be 1,787 SF and is currently vacant. It was recently leased as a pre-sales centre to a developer. GROSS TAXES 2018 $26,260.91 The upper floor is approximately 1,955 SF and features 9 residential micro-suites with two ASSESSED LAND VALUE 2018 $3,536,000.00 shared bathrooms, both with the bathtub and toilet, and one shared kitchen. Each suite has a refrigerator and kitchen sink. It is not listed as an SRO in the City of Vancouver SRO ASSESSED IMPROVEMENT $8,400.00 By-law Registry. VALUE 2018 The roof is composed of a torched-on membrane, there is a parking lot at the rear of the 2018 ASSESSED TOTAL VALUE $3,544,400.00 building and heating is supplied through forced air furnace. Impeccable neighbourhood amenities, prominent retail, and continued longterm growth ASKING PRICE $3,750,000 culminate to provide a lucrative investment vehicle with the purchase of this superbly Retail Space located asset. Main Street Downtown Vancouver Skytrain Station BC Place Science World Future Site of St. Paul’s Hospital & Rogers Arena Healthcare Chinatown Skytrain Station Andy Livingstone Park London Pub The Keefer Bar Gastown Railtown CASEY WEEKS MORGAN IANNONE Colliers International Personal Real Estate Corporation Personal Real Estate Corporation 200 Granville Street | 19th Floor Senior Vice President Vice President Vancouver, BC | V6C 2R6 604 661 0811 604 662 2654 604 681 4111 [email protected] [email protected].