Maintenance,
$528.18 MonthlyExcellent income-producing investment with an approximate 5.08% 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 with a 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. (id:63400)
| MLS® Number | C8080613 |
| Property Type | Retail |
| Features | Dock Height Loading |
| Constructed Date | 1997 |
| Size Interior | 680 Sqft |
| Acreage | No |
| Sewer | Storm Sewer |
| Zoning Description | C-2c1 |
| Electricity | Available |
| Water | At Lot Line |
| Telephone | Available |
https://www.realtor.ca/real-estate/30063375/1250-commercial-drive-vancouver
Kevin Long
Personal Real Estate Corporation
(604) 281-1700