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991-993 Hornby St - The Electra 1,098 SF Retail Condo Unit Offered at $1,468,565 in Vancouver, BC V6Z 2S1
INVESTMENT HIGHLIGHTS
- Flexible micro-strata format allows future reconfiguration.
- Highly walkable area with high foot traffic and traffic exposure.
- One block from Robson Street shopping district.
- Surrounded by 151,000 workers and 80,000 residents within 1 km.
EXECUTIVE SUMMARY
Located just one block from Robson Street, Vancouver’s premier international shopping district, the site benefits from exceptional pedestrian and vehicular traffic. The surrounding area boasts a dense mix of office towers, residential high-rises, entertainment venues, and tourist attractions, including Robson Square, the Vancouver Art Gallery, and the Granville Entertainment District. With over 80,000 residents and 151,000 workers within a 1 km radius, the property is ideally situated to capture consistent footfall and retail demand.
PROPERTY FACTS
| Total Building Size | 453,249 SF | Typical Floor Size | 20,013 SF |
| Property Type | Multifamily (Condo) | Year Built | 1975 |
| Property Subtype | Apartment | Tenancy | Single |
| Building Class | B | Lot Size | 1.10 AC |
| Floors | 22 | ||
| Zoning | CD-1 - Comprehensive Development | ||
| Total Building Size | 453,249 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 22 |
| Typical Floor Size | 20,013 SF |
| Year Built | 1975 |
| Tenancy | Single |
| Lot Size | 1.10 AC |
| Zoning | CD-1 - Comprehensive Development |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Fitness Center
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Public Transportation
- Smoke Detector
1 UNIT AVAILABLE
Unit 991 & 993
| Unit Size | 1,098 SF | Sale Type | Investment |
| Price | $1,468,565 USD | Cap Rate | 3.12% |
| Price Per SF | $1,337.49 USD | NOI | $45,847.90 USD |
| Condo Use | Retail | APN/Parcel ID | 024-480-771, 024-480-789 |
| Unit Size | 1,098 SF |
| Price | $1,468,565 USD |
| Price Per SF | $1,337.49 USD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.12% |
| NOI | $45,847.90 USD |
| APN/Parcel ID | 024-480-771, 024-480-789 |
DESCRIPTION
1,098 square feet of AAA micro-strata retail space located in the heart of Downtown Vancouver near the corner of Nelson Street and Hornby Street
SALE NOTES
CBRE Limited is pleased to present the opportunity to purchase 1,098 square feet of AAA Retail Investment in Downtown Vancouver. Tenanted on a NNN lease basis to restaurant “Pokerrito” which currently has 10 locations across Metro Vancouver. Own this exceptional asset, with the current lease term up in less than two years, allows the purchaser to increase the rent to “fair market” at that time.
Note these are TWO very rare micro strata lots of 565 and 533 square feet each in Downtown Vancouver. These two combined micro retail units provide the ultimate in long term flexibility and ability to achieve much higher rents and/or pricing, once the current tenant’s lease is up and the purchaser returns the space to micro-units.
Lots of flexibility and future upside for these exceptional units at the centre of downtown, one block from Robson Street.
Interior
Interior
Interior
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 242 | - | - |
Presented by
991-993 Hornby St - The Electra
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