1818 Commercial Dr 2,779 SF 100% Leased Retail Building Vancouver, BC V5N 4A5 $2,793,856 USD ($1,005.35 USD/SF) 4.40% Cap Rate

CBRE presents a rare opportunity to acquire a trophy retail asset in one of Vancouver’s most iconic and culturally rich corridors—Commercial Drive. This two-unit, single-storey property spans 2,780 square feet and offers both stable income and future upside. Unit 1818 is leased to The Fish Counter, a well-known Ocean Wise-certified seafood restaurant with a lease in place until 2033 and a 5-year renewal option. Unit 1816, currently built out as a presentation center, will be delivered vacant in September 2025, offering flexibility for owner-occupancy or repositioning to market lease rates.
The site features 33 feet of prime retail frontage between East 2nd and East 3rd Avenues, just minutes from the Commercial-Broadway SkyTrain Station. The surrounding Grandview-Woodlands neighborhood is undergoing rapid transformation, with over 10,000 new residents projected between 2022–2027. The area’s walk score of 99, transit score of 76, and bike score of 91 reflect its exceptional connectivity and livability.
Zoned C2-C, the property supports a wide range of commercial uses and is part of the Commercial Drive “Core” under the city’s Grandview-Woodlands Community Plan. This designation encourages active, mixed-use development while preserving heritage character, with a maximum allowable height of four storeys and up to 3.5 FSR for mixed-use residential.
With strong demographics, a vibrant retail environment, and redevelopment potential, 1816–1818 Commercial Drive is a compelling opportunity for investors seeking long-term value in Vancouver’s thriving East Side.