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Active
1250 Commercial DR Vancouver, BC V5L 3X4
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8080613
HOA Fees $528
Year Built 1997
Annual Tax Amount $9,408
Tax Year 2025
Property Sub-Type Retail
Property Description
Excellent income-producing investment with an approximate 5.41% cap rate and long-term stable rental income. Prime retail investment opportunity on vibrant Commercial Drive. This approximately 680 SF strata retail unit is fully leased to an established long-term tenant to 09/30/2028 with a 3 years renewal option, providing secure and reliable cash flow. Includes 1 secured underground parking stall. Major capital improvements include building-wide plumbing replacement (2022) and a new HVAC system (2023), minimizing future maintenance concerns. A turnkey investment opportunity in one of Vancouver's most sought-after retail locations.
Location
State BC
Community Grandview Woodland
Area Vancouver East
Zoning C-2C1
Interior
Heating Baseboard
Exterior
Utilities Available Electricity Connected, Fully Serviced, Phone Connected
Water Access Desc Public
Roof Type Other
Total Parking Spaces 1
Building
Sewer Public Sewer, Storm Sewer
Water Public
Others
Restrictions See Remarks
Ownership Strata