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5239 VICTORIA DRIVE, Vancouver | $3,300,000

Must See! Approx. 4,541.4 SF lot (39.15 ft x 116 ft) located in Vancouver's Victoria VE area, situated on busy Victoria Drive between E 36th Ave and E 37th Ave. The property offers excellent street exposure and strong pedestrian traffic. The building features approx. 4,000 SF of retail space plus a basement, and is fully tenanted, generating approx. $62,400 annual net income. The property is zoned C-2A, allowing for a wide range of commercial uses. With land assembly, potential for a mixed-use rental development with up to 3.7 FSR. A rare opportunity to acquire an income-producing commercial property with substantial development potential in Vancouver's established Victoria Drive corridor. Don't hesitate, call now for more details!

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Description

Must See! Approx. 4,541.4 SF lot (39.15 ft x 116 ft) located in Vancouver's Victoria VE area, situated on busy Victoria Drive between E 36th Ave and E 37th Ave. The property offers excellent street exposure and strong pedestrian traffic. The building features approx. 4,000 SF of retail space plus a basement, and is fully tenanted, generating approx. $62,400 annual net income. The property is zoned C-2A, allowing for a wide range of commercial uses. With land assembly, potential for a mixed-use rental development with up to 3.7 FSR. A rare opportunity to acquire an income-producing commercial property with substantial development potential in Vancouver's established Victoria Drive corridor. Don't hesitate, call now for more details!

General Info

MLS Listing ID: C8082598 Bedrooms: 0 Bathrooms: 0 Year Built: 1948
Parking: N/A Heating: N/A Lotsize: 4541 sqft Air Conditioning : N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .