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124 W 8th Ave
Vancouver, BC V5Y 1N2
Office Property For Sale
Investment Highlights
- Flexible possession options
- Ideal for owner-users, investors, or developers
- Excellent redevelopment opportunity under the Broadway Plan
Executive Summary
Avison Young is pleased to present the opportunity to purchase and occupy a flex industrial warehouse and office building of 5,000 sf with approximately 1,000 sf of secure fenced yard/parking area. Currently tenanted, however, vacant possession is possible. Future development potential comes under the Broadway Plan: Broadway Shoulder Area East (MBSA) with an opportunity to develop up to 6.0 FSR with assembly.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
C
Year Built
1969
Price
$5,980,000 CAD
Price Per SF
$1,196 CAD
Cap Rate
2.84%
NOI
$170,000 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,500 SF
Slab To Slab
9’
Building FAR
1.28
Lot Size
0.09 AC
Zoning
I-1 - Permit light industrial uses
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Drop Ceiling
- Smoke Detector
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