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233 Sixth St
New Westminster, BC V3L 3A5
Retail Property For Sale


Investment Highlights
- 4,644 SF retail restaurant space
- 2,316 SF adjacent lot for parking
- Future development potential
- 4,951 SF lot
- Highly visible street front - Excellent street exposure
Executive Summary
The properties represent a rare opportunity to purchase a stand alone, retail single-tenant building – constructed in 1901 – on a 4,951 sq.ft. lot, and an adjacent, vacant paved lot totaling 2,316 sq.ft.. The building has a gross leasable area of approximately 4,644 sq.ft., and is home to the Old Bavaria Haus Restaurant. The adjacent lot is utilized for garbage collection and parking (there are 8 designated spaces). The two properties are separated by a city laneway. The building parcel is zoned C-2 and the vacant lot is zoned CP-1. The building is in serviceable condition, suitable for continued retail-restaurant use while offering longer term repositioning or redevelopment potential. The City of New Westminster designates the property as “Residential – Multiple Unit Buildings” in the city’s Official Community Plan, allowing for a mix of small to moderate sized medium density multiple unit residential buildings. The property is being sold as-is-where-is, and all offer are subject to Court approval.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bankruptcy Sale
Property Type
Building Size
4,644 SF
Building Class
C
Year Built
1901
Price
$2,405,566 USD
Price Per SF
$517.99 USD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.17 AC
Zoning
C-2 & CP-1 - C-2 (Community Commercial District) & CP-1 (Commercial Parking District)
Parking
8 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
65’ on Sixth Street
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
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