We have sold a property at 2970 2978 BROADWAY W in VANCOUVER.
Prime retail location on West Broadway near Carnarvon Street. Well established shopping district in popular Kitsilano. Property comprises of two one-storey buildings each containing 2 retail units (i.e. 4 retail units in total) with 8 parking spots at the rear of the buildings. NOI is $121,353/year and CAP is approximately 3%. Zoning is C-2C Commercial with 2.5 FSR. Average Gross Rent is $61.33/SqFt. Additional Rent is $17/SqFt. Leasable area is 3,125 SqFt. Lot size is 57'x106.5'/EFF. Good condition, newer roof, some updating. Great investment property with re-development potential.
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