5.1% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building. Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027. Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor. Ideal holding property with future redevelopment potential. (id:58426)
| MLS® Number | C8079808 |
| Property Type | Retail |
| Features | Disabled Access, Lane |
| Road Type | Paved Road |
| Amenities | Street Lighting |
| Constructed Date | 1940 |
| Size Interior | 12,956 Sqft |
| Acreage | No |
| Size Irregular | 6480 |
| Size Total | 6480 Sqft |
| Size Total Text | 6480 Sqft |
| Zoning Description | C3a |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29939853/2947-granville-street-vancouver
Contact us for more information
Chris Tsoromocos
Personal Real Estate Corporation
(604) 629-6100
(604) 629-6110
www.trgrealty.ca
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