351-371 Columbia St 3,960 SF 100% Leased Retail Building Vancouver, BC V6A 2R7 $3,498,000 CAD ($883.33 CAD/SF)

Corbel Commercial is pleased to present, under court-ordered sale, The Persepolis Hotel located at 351 Columbia Street, Vancouver, BC. The subject property sits prominently on the northwest corner of East Hastings Street and Columbia Street. The site features approximately 25 feet of frontage along East Hastings Street and approximately 122 feet of frontage along Columbia Street. The Persepolis Hotel is a 3-storey plus lower-level building, which features 27 rooming house units* on the 2nd and 3rd floors and 3 commercial units* on the main floor. The property offers convenient access to Vancouver’s downtown core, Gastown, Chinatown, and the upcoming St. Paul’s Hospital and Health Campus. With a potential for assembly, this opportunity is ideal for investors and developers seeking to capitalize on a strategically located asset.
*Subject to the City of Vancouver’s Single Room Accommodation (SRA) bylaw. Approved occupancy with the City of Vancouver is Single Room Accomodations for #201-219 (19 sleeping units) & #301-308 (8 sleepings units), Cannabis Retail Store for 369 Columbia Street, Retail for 371 Columbia Street, Retail & Limited Food for 375 Columbia Street & 99 E Hastings Street. Purchaser is responsible for obtaining all necessary municipal approvals and licenses for their occupancy.
*Potential assembly for additional expansion lot at 71 – 77 E Hastings Street is subject to confirmation.