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$4,297,000
Est. payment /mo
8,540 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,540 sqft
Price per Sqft $503
MLS® Listing ID C8065897
Originating Board Greater Vancouver REALTORS®
Year Built 1901
Lot Size 10,736 Sqft
Acres 10736.0
Property Description
Big discount below Jul 2024 BC Ppty Tax Assessed Value $5.645M. Starting price $80 per Buildable SQFT or $400 per SQFT of land. Existing old timer warehouse w/ 8,540 SF of leaseable area. Recently vacant w/ mkt rents of $20 per SF Net = 4% cap rate. Adjacent bldgs same owner 1642 & 1636 Pandora also on MLS, use 1642 Pandora together as side wall open pass thru w/ dbl fire rollup gate for addtl 8,221 SF space. Heavy Industrial redevelopment site, 2 blks North of E. Hastings at Commercial Dr., & 3 blks South of Port of Van. waterfront, in East Van. Site is 10,736 SQFT of land & 88 FT of frontage along Pandora St. First time to sales market in approx. 50 yrs. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (53,680 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74K SF flr area) & directly behind the newer 7 storey SmartStop Storage (90K SF). 2021 Phases 1 & 2 Environmental Analysis done. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Storm sewer
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Listed by Amex Broadway West Realty
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Muhamed Awada
Real Estate Agent | License ID: 4726552
Real Estate Agent License ID: 4726552