Must See! A freestanding retail/residential 2-storey building in Vancouver Kitsilano neighbourhood, located on West 4th Avenue in between Arbutus St and Maple St, and is surrounded by various retail stores and famous brand including Lululemon Athletica, Aesop, The North Face, Shoppers Drug Mart, Footlockers, and more. Property is on the north side which had a great mountain view of downtown Vancouver. A very high density neighbourhood. Minutes walk to Kitsilano Beach Park.
Ground floor of the building is leased to TURF for 10 years lease, and which occupied the whole commercial area of approx. 4,000 sq. ft. Remaining lease term is 7 years. Residential area is on the second floor where owner occupied a portion and the left portion is rented to a tenant month-to-month. Projected income is approx. $230,000.
Site area is approx. 5,547 sq. ft. (50 ft x 110.94 ft). Building area is around 8,000 sf. Property is under C-2B zoning, FSR is up to 2.5 for the current zoning. Excellent property either for holding or for future redevelopment. Call Now!