Additional content

$3,300,000

5239 Victoria Drive, Vancouver, BC V5P 3V4

MLS® C8082598

Description

Must See! Approx. 4,541.4 SF lot (39.15 ft x 116 ft) located in Vancouver’s Victoria VE area, situated on busy Victoria Drive between E 36th Ave and E 37th Ave. The property offers excellent street exposure and strong pedestrian traffic. The building features approx. 4,000 SF of retail space plus a basement, and is fully tenanted, generating approx. $62,400 annual net income. The property is zoned C-2A, allowing for a wide range of commercial uses. With land assembly, potential for a mixed-use rental development with up to 3.7 FSR. A rare opportunity to acquire an income-producing commercial property with substantial development potential in Vancouver’s established Victoria Drive corridor. Don't hesitate, call now for more details!

Property

Property type

Commercial Sale

Style

Retail

Structure

Freestanding

Year built

1,948

Ownership

Freehold

Lot and parking

Lot size

4,356 sq ft

Costs

Annual property tax

$35,221

Tax year

2,026

Location

Area

Vancouver East

Neighbourhood

Victoria VE

Waterfront

No