1636 Pandora Street, Hastings, Vancouver

$4,487,000 |   MLS® Number  C8065896

Industrial for sale in Hastings, Vancouver, Vancouver East, 1636 Pandora Street, 224970965 | Realtylink.org

Industrial for sale

Year Built
1991
Floor Area
7,257 sqft
Lot Size
8,052 sqft
Gross Property Tax
$44,430 /year
Building Type
Marine, Street-Level Storefront, Warehouse
Zoning
M-2
# of Parking Spaces
6+
Subject Property Width
66 ft
Subject Property Depth
122 ft
Amenities
Alarm System, Handicap Access/Facil, Mezzanine, Paved Yard, Storefront, Visitor Parking, Washrooms Female/Male, Fenced Yard
Ceiling Height
18 ft
92

Modern & recent $350k renovation incl. new: windows, paint & carpets. Warehouse completely pressure washed, floor grinded & re-leveled w/ fresh concrete. Then passed COV safety inspections & issued new occupancy cert. 18 ft. ceiling. 7,257 SF of leaseable area. Recently vacant w/ mkt rents of $24 per SF Net = 3.9% cap rate. Adjacent bldgs same owner 1642 & 1670 Pandora also on MLS. Heavy Industrial redevelopment site. Site is 8,052 SQFT of land & 66 FT of frontage along Pandora St. First time to sales market since built in 1991. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (40,260 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74k SF floor area) & directly behind the newer 7 storey SmartStop Storage (90k SF). 2021 Phases 1 & 2 Environmental Analysis done. Jul 2024 BC Property Tax Assessment: Land $4.323M + Bldg $10,200. Starting price $111 per Buildable SQFT or $557 per SQFT of land.