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1406 Pemberton Ave 4,055 SF Retail Building North Vancouver, BC V7P 2S1 $3,673,622 USD ($905.95 USD/SF) 5.50% Cap Rate
Investment Highlights
- 1406 Pemberton Avenue offers the opportunity to purchase a modern, fully renovated building in North Vancouver’s growing commercial corridor.
- Equipped with many special features, including a full kitchen, multiple private offices, a unique meeting room, seven parking stalls, and 24/7 access.
- Prominent corner location gives new owners the flexibility for a variety of potential uses such as office space, showroom facilities, and more.
- Buyers can capitalize on the top-notch demographics with a population on the rise and consumer spending exceeding $9 billion within 5 km.
Executive Summary
1406 Pemberton Avenue offers an outstanding opportunity to acquire a turnkey commercial property in a coveted North Vancouver location.
This impressive 4,050-square-foot property commands attention at a high-visibility intersection in North Vancouver. Boasting a sleek, contemporary black façade, the building exudes modern sophistication and immediate curb appeal. 1406 Pemberton Avenue's single-story layout maximizes usable space and offers an adaptable floor plan. Inside, investors and owner/users will find a state-of-the-art kitchen, multiple private offices, a distinctive meeting room, and premium finishes throughout. With three covered and four outdoor parking stalls, convenience is built in for staff and visitors alike. Zoned EZ-LI, 1406 Pemberton Avenue provides exceptional flexibility for office, retail, or light industrial uses, while also offering outstanding redevelopment potential for the future. Currently leased and generating an attractive 5% net return, this asset is well-positioned for both investors and owner/users seeking stable income and long-term value. Opportunities like this are exceedingly rare in North Vancouver as there are no other freestanding offices, retail, or light industrial spaces on the North Shore that match this property’s level of visibility, architectural appeal, and build quality.
Nestled in picturesque North Vancouver, 1406 Pemberton Avenue places buyers at the gateway to both vibrant city living and breathtaking mountain scenery. Located just across the Burrard Inlet from Downtown Vancouver, the area delivers a seamless mix of urban convenience and outdoor adventure. The site’s prime, high-visibility position offers exceptional frontage, making it easy for customers and employees to access with ease. Surrounded by a variety of local favorites like Pemberton Station Neighbourhood Pub, Cornelia Fine Tacos, and Golestan Bakery, as well as major retailers such as Walmart Supercenter, this location ensures a constant flow of activity and unparalleled exposure for any business.
This impressive 4,050-square-foot property commands attention at a high-visibility intersection in North Vancouver. Boasting a sleek, contemporary black façade, the building exudes modern sophistication and immediate curb appeal. 1406 Pemberton Avenue's single-story layout maximizes usable space and offers an adaptable floor plan. Inside, investors and owner/users will find a state-of-the-art kitchen, multiple private offices, a distinctive meeting room, and premium finishes throughout. With three covered and four outdoor parking stalls, convenience is built in for staff and visitors alike. Zoned EZ-LI, 1406 Pemberton Avenue provides exceptional flexibility for office, retail, or light industrial uses, while also offering outstanding redevelopment potential for the future. Currently leased and generating an attractive 5% net return, this asset is well-positioned for both investors and owner/users seeking stable income and long-term value. Opportunities like this are exceedingly rare in North Vancouver as there are no other freestanding offices, retail, or light industrial spaces on the North Shore that match this property’s level of visibility, architectural appeal, and build quality.
Nestled in picturesque North Vancouver, 1406 Pemberton Avenue places buyers at the gateway to both vibrant city living and breathtaking mountain scenery. Located just across the Burrard Inlet from Downtown Vancouver, the area delivers a seamless mix of urban convenience and outdoor adventure. The site’s prime, high-visibility position offers exceptional frontage, making it easy for customers and employees to access with ease. Surrounded by a variety of local favorites like Pemberton Station Neighbourhood Pub, Cornelia Fine Tacos, and Golestan Bakery, as well as major retailers such as Walmart Supercenter, this location ensures a constant flow of activity and unparalleled exposure for any business.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
4,055 SF
Building Class
C
Year Built/Renovated
1957/2022
Price
$3,673,622 USD
Price Per SF
$905.95 USD
Cap Rate
5.50%
NOI
$202,093 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.13 AC
Zoning
EZ-LI - EZ-LI zoning in the District of North Vancouver allows light industrial, employment, warehouse, studio, and service uses focused on job-generating act
Parking
8 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
40’ on Pemberton
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Signage
- Accent Lighting
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Construction
- -
- -
- -
Marble Construction began in 2004 and has built its reputation around custom home construction on Vancouver’s North Shore. The company focuses on planning and delivering high-quality custom homes, and its work also includes residential construction and renovations. Marble Construction emphasizes collaboration with homeowners, architects, and designers, with a process built around precision, consistency, and long-term performance. The firm’s project portfolio and award recognition reflect a market presence centered on architect-designed residential work across the North Shore and the broader Vancouver area.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Construction | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Demographics
Demographics
1 KM
3 KM
5 KM
2023 Population
7,757
72,455
226,983
2028 Population
8,535
80,821
248,288
2023-2028 Projected Population Growth
10.0%
11.6%
9.4%
Daytime Employees
10,082
34,808
178,267
Total Businesses
1,080
3,823
14,854
Average Household Income
$122,639
$112,336
$107,755
Median Household Income
$83,182
$69,826
$64,539
Total Consumer Spending
$285.6M
$2.9B
$9.4B
Median Age
40.8
43.8
42.5
2023 Households
3,153
33,879
113,895
Percent College Degree or Above
35%
32%
36%
$ values in CAD
Nearby Major Retailers
1 of 21
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1406 Pemberton Ave
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