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1406 Pemberton Ave 4,055 SF Retail Building North Vancouver, BC V7P 2S1 $5,499,000 CAD ($1,356.10 CAD/SF) 5% Cap Rate
Investment Highlights
- 24 hour access
- Includes a full kitchen, multiple private offices, and a unique meeting room
- Fully renovated freestanding commercial building with modern design and architecture
- High-visibility corner location in North Vancouver’s growing commercial corridor
- Seven total parking stalls, including three covered spaces
Executive Summary
FREE STAND NOT STRATA - Exceptional opportunity to acquire a fully renovated, FREESTANDING COMMERCIAL BUILDING on a high visibility corner in North Vancouver. This 5,700 SQFT lot features over 4,050 SQFT of beautifully improved and renovated building with a modern design and architecture, full kitchen, multiple private offices, a one of a kind meeting room, and top tier finishes throughout. Includes 3 covered parking stalls and 4 additional outdoor parking stalls. Zoned EZ-LI, the property offers excellent flexibility for a range of commercial uses and strong future redevelopment potential. Currently leased and generating approximately 5% net return, making it an ideal investment or owner user opportunity. This is a rare offering! There is no other freestanding office/retail/light industrial space on the North Shore with this level of visibility, curb appeal, and build quality. A true trophy property in a growing and desirable area with great potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,055 SF
Building Class
C
Year Built/Renovated
1957/2022
Price
$5,499,000 CAD
Price Per SF
$1,356.10 CAD
Cap Rate
5%
NOI
$274,950 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.13 AC
Zoning
EZ-LI - EZ-LI zoning in the District of North Vancouver allows light industrial, employment, warehouse, studio, and service uses focused on job-generating act
Parking
8 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
40’ on Pemberton
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Signage
- Accent Lighting
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Marble Construction
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Marble Construction | Construction | - | - | - |
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (95)
Nearby Major Retailers
1 of 38
Videos
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Photos
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1406 Pemberton Ave
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