Unique Investment Property

$7,880,000

Description

With Excellent Redevelopment Potential

The Highlights

  • 7-minute walk to Canada Line at Marine Drive SkyTrain Station
  • Direct route to Vancouver International Airport and South Terminal Airport via Arthur Laing Bridge
  • Direct route to Richmond via Oak Street Bridge
  • Rezoning to 3.0 FSR (± 27,150 sf) potential for office & retail
  • New intensive employment zone under Marpole Community Plan
  • Existing structure would allow two additional floors with minimal structural upgrading to the foundation

The Property’s Unique Feature

NAI Commercial is pleased to present the opportunity to purchase a one-of-a-kind, solidly-built commercial building located on SW Marine Drive in Vancouver’s Cambie neighbourhood. The unique property is very well maintained and was originally designed for a dance hall.
The interior boasts 15+ ft high ceilings without columns on second floor, with high visual exposure to both pedestrian and vehicular traffic. The site offers secured at grade and underground parking with over 30 stalls, ample for both staff and customers.

The Rezoning Development Potential

The Marpole Official Community Plan permits rezoning of up to three times the site area (± 27,150 sf) for office and retail uses. Existing structure would allow two additional floors with minimal structural upgrading to the foundation.

Ideal holding property and redevelopment potential.

Property Documents

Address

  • City: Vancouver
  • State/county: BC
  • Country: Canada

Detail

  • Property ID: 010-457-194
  • Price: $7,880,000
  • Land Area: 9050 SF
  • Year Built: 1998