Retail for sale
2928 Granville Street, Fairview VW, Vancouver
$5,750,000
Features
Year Built
1912
Floor Area
7,268 sqft
Lot Size
3,241 sqft
Gross Property Tax
$61,616.40 /year
Building Type
Freestanding, Commercial Mix, Street-Level Storefront
Zoning
C-3A
Subject Property Width
27 ft
Subject Property Depth
120 ft
Amenities
Air Conditioning, Storefront, Washrooms Female/Male
Description
OWNER/USER or INVESTMENT OPPORTUNITY - $791/SF of gross building area. Rare opportunity to acquire a 7,268 square foot, freestanding building along the prestigious South Granville retail strip home to luxury retailers such as Restoration Hardware, Pottery Barn and high-end boutiques and restaurants. There is an immediate opportunity to occupy 2,518 SF on the 2nd floor of the building, which has recently undergone renovations and was last used as an art gallery space. The main floor is currently occupied and producing good income with a strong covenant. There are rights for an owner/user to terminate the lease and occupy the entire building. The main & 2nd Fl combined total 5,718 SF of useable area. The basement adds an additional 1,484 SF and was recently renovated and is very usable space with decent ceiling height. The price represents $791/SF of gross building area which is extrememly rare to see in the city of Vancouver for retail, let alone on South Granville St.
MLS® Number C8067239