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2063-2065 W 41st Ave 1,815 SF 100% Leased Retail Building Vancouver, BC V6M 1Y7 $3,299,210 USD ($1,817.75 USD/SF) 3% Cap Rate
Executive Summary
Very rarely available at the Prime "Kerrisdale" shopping center location. Street level, 2 existing tenants - leases in place. The building has been well maintained. Two parking spaces at the back. MNN lease, Good for holding income. Info pkg avail, please DO NOT disturb tenants. C2 commercial zoning up to FSR 3.5. Closed to recent Arbutus Corridor Developments. Nearby properties could be purchased for land assembly. Do your due diligence to consult the City. No additional tax for foreign entities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,815 SF
Building Class
C
Year Built
1947
Price
$3,299,210 USD
Price Per SF
$1,817.75 USD
Cap Rate
3%
NOI
$98,976 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.07 AC
Zoning
C-2 - Commercial
Parking
4 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
28’ on W 41st Ave
Amenities
- Bus Line
- Signage
- Signalized Intersection
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 8
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2063-2065 W 41st Ave
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