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2273 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East) : MLS®# C8032948

2273 KINGSWAY Vancouver V5N 2T6 : Victoria VE

Main Photo: 2273 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8032948
$23,880,000
Prop. Type:
Land Commercial, Retail
MLS® Num:
C8032948
Status:
Active
Build. Type:
Freestanding
Strip Mall on busy Kingsway near Nanaimo Street. High Exposure location with excellent visibility for retail spaces. Located within the boundaries of the Norquay Village Neigbourhood Centre Plan with rezoning possibility for development of mixed-used buildings up to 14 storey at density of 3.8 FSR, subject to final approval of re-zoning application to City of Vancouver by buyer. Details of the policies and development parameters can be found under section 4.0 of the above-mentioned plan posted in City's official site (Vancouver.ca). All 9 retail units rented out to good tenants, lots of additional parking spaces available in underground garage level. Good investment opportunity.
Sale Type:
Asset
Property Type:
Land Commercial, Retail
Construction:
Concrete, Mixed
Building Type:
Freestanding, Strip Mall
Year built:
1980 (Age: 40)
Total Floor Area:
Switch units of measure12,000 sq. ft.
Retail Size:
Switch units of measure12,000 sq. ft.
Land Use/Zoning:
C-2
Taxes:
$135,675.81 / 2019
Air Conditioning, Alarm System, Washrooms Female/Male
Services Connected:
Electricity, Street Lighting, City Water
Water Supply:
Municipal
HVAC:
Electric, Separate Controls
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by LeHomes Realty Premier
Data was last updated August 8, 2020 at 07:10 PM (UTC)
RAYMOND LEUNG

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