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1598 Pemberton Ave 3,366 SF Retail Building North Vancouver District, BC V7P 2S2 $7,000,000 CAD ($2,079.62 CAD/SF)
Investment Highlights
- PRIME NORTH VANCOUVER LOCATION
- HIGH VISIBILITY
- DEMOGRAPHIC DIVERSITY
- ACCESSIBILITY
- SURROUNDED BY AMENITIES
Executive Summary
Avison Young is pleased to present, for the first time on the market, the opportunity to purchase a historical, meticulously maintained and operated, free-standing, C-9 zoned commercial building with excellent street exposure of 120 feet on West 16th Street and 80 feet on Pemberton Avenue, in the District of North Vancouver. This exceptional opportunity presents developers, owner-operator’s and investors with the opportunity to acquire one of North Vancouver’s most recognizable and historical properties. The property is rectangular-shaped and improved with a single storey commercial building, currently operated as a restaurant, totaling approximately 3,366 sf on 9,600 sf of land and can be accessed by 3 points of accessegress via 16th, Pemberton and the lane at the rear. The property is currently tenanted by the premium casual restaurant group, Cactus Club Cafe, providing a AAA tenancy since 1988
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,366 SF
Building Class
C
Year Built
1969
Price
$7,000,000 CAD
Price Per SF
$2,079.62 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.22 AC
Zoning
C3 - Marine Drive Commercial
Parking
20 Spaces (5.94 Spaces per 1,000 SF Leased)
Frontage
72’ on Pemberton Ave
Amenities
- Atrium
- Courtyard
- Pylon Sign
- Signage
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 3
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1598 Pemberton Ave
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