Bob Bracken's Listings
1130-1132-1134 Granville St in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West)
1130-1132-1134 Granville St Vancouver V6Z 1L8 : Downtown VW
This is a Rare Heritage Style Mixed Use Brick Building at 1130-1132-1134 Granville Street, in the Heart of Vancouver's Downtown Entertainment District. The 12,000 SF, 4 Level Building consists of 2 Commercial/Retail Units & 6 Residential Units. There is a Basement Commercial space, & a Main floor/Street level Commercial/Retail space, each approx 3,000 SF per floor. The Basement Commercial Unit is occupied by a gymnasium business paying a gross rent of approx $7,500/mo which includes base rent, plus a portion of property taxes & utilities. The Main street level unit is an attractive, open space with 12' - 16' ceilings, polished wood floors, bathroom & office area. It is currently vacant (by Owner's choice) but was recently leased at approx $10,000/mo plus expenses (NNN). It qualifies for a wide variety of retail uses, according to City of Vancouver Zoning & Development Bylaw. The 2nd & 3rd floors, each approx 3,000 SF, contain 6 Legal, 1 & 2 Bdrm Suites (3 per floor). All 6 Suites are self-contained with high ceilings, original wood floors & mouldings, restored red brick walls, authentic cast iron radiators, large rooms & separate entrances. The Owner currently keeps 3 of the Residential Units for their own use. The remaining 3 Units are rented for a total of approx $5,400/mo & the Owner Occupied Units would earn at least that amount. With some cosmetic work, the Residential Units might earn up to $15,000/mo total rent. Overall, the Building may be capable of generating $30,000/mo to $35,000/mo or $350,000/yr to $420,000/yr. Although approx 110 years old, the Building is in decent condition, with structural & seismic, electrical & plumbing upgrades in the past decade or so & the Owner has been vigilant in maintaining it. The property sits on a 25' X 120' DD (Downtown District) zoned lot. Located in the center of Vancouver's vibrant Downtown Entertainment District, just steps from the City's major shopping & business districts, & between Yaletown & West End restaurants, residential towers, & the waters of False Creek & English Bay, the location is superb & hard to match. This property is great for Investors, End Users & re-development & has fabulous long term potential. Please note that the Owner is elderly & will only entertain offers from sincere, qualified Buyers. Showings 2 day notice by Appointment Only. Call Bob Bracken 604-220-2035 for Details. Asking Price $8,499,000.
Data was last updated September 21, 2019 at 02:10 AM (UTC)