Retail for sale
2947 Granville Street, Fairview VW, Vancouver
$10,700,000
Features
Year Built
1940
Floor Area
12,956 sqft
Lot Size
6,534 sqft
Gross Property Tax
$119,436 /year
Building Type
Freestanding, Street-Level Storefront
Zoning
C3A
Subject Property Width
54 ft
Subject Property Depth
120 ft
Amenities
Emergency Lighting, Storefront, Washrooms Female/Male, Air Conditioning, HVAC System, Handicap Access/Facil
Bylaws Restriction
None Known
Description
5.1% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building. Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027. Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor. Ideal holding property with future redevelopment potential.
MLS® Number C8079808