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1406 Pemberton Ave 4,055 SF Retail Building North Vancouver, BC V7P 2S1 $4,998,000 CAD ($1,232.55 CAD/SF) 5.50% 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
$4,998,000 CAD
Price Per SF
$1,232.55 CAD
Cap Rate
5.50%
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
-
- Construction
- -
- -
- -
Marble Construction began in 2004 and has built its reputation around custom home construction on Vancouver’s North Shore. The company focuses on planning and delivering high-quality custom homes, and its work also includes residential construction and renovations. Marble Construction emphasizes collaboration with homeowners, architects, and designers, with a process built around precision, consistency, and long-term performance. The firm’s project portfolio and award recognition reflect a market presence centered on architect-designed residential work across the North Shore and the broader Vancouver area.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Construction | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Demographics
Demographics
1 KM
3 KM
5 KM
2023 Population
7,757
72,455
226,983
2028 Population
8,535
80,821
248,288
2023-2028 Projected Population Growth
10.0%
11.6%
9.4%
Daytime Employees
10,082
34,808
178,267
Total Businesses
1,080
3,823
14,854
Average Household Income
$122,639
$112,336
$107,755
Median Household Income
$83,182
$69,826
$64,539
Total Consumer Spending
$285.6M
$2.9B
$9.4B
Median Age
40.8
43.8
42.5
2023 Households
3,153
33,879
113,895
Percent College Degree or Above
35%
32%
36%
$ values in CAD
Nearby Major Retailers
1 of 38
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1406 Pemberton Ave
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