$1,898,000

2029 W 4TH AVENUE, Vancouver BC V6J 1N3

Description

A well-sized Kitsilano storefront on West 4th Avenue, between Maple and Arbutus, one of Vancouver's most popular retail corridors. Strata Lot 18 comprises 1,089.3 SF of ground-floor retail, complete with a private washroom and one secured underground parking stall. With the existing tenant on a month-to-month basis, a buyer can take occupancy on short notice or reposition the unit at an estimated market rent of $95+ PSF net resulting in a near 6% cap rate. Major building work is already complete, including a new main plumbing line and risers, new roof, courtyard waterproofing membrane, fresh exterior paint and an upgraded parkade. The recent depreciation report identifies no immediate work. Operating costs stay simple with separate hydro metering, electric heat, a dedicated hot water tank and its own HVAC system, while the building's 600-amp three-phase service has room for EV charging and heat pumps. Offered on its own or together with neighbouring 2025 West 4th Avenue, for a combined 3,971.9 SF.

Location

2029 W 4TH AVENUE, Vancouver BC V6J 1N3

Inquire About This Listing