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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

Main Photo: 1130-1132-1134 Granville St in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West) banner
$8,499,000
Prop. Type:
Commercial
MLS® Num:
EXCLUSIVE
Status:
Active
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.
Property Type:
Multi-Family Commercial
Total Floor Area:
Switch units of measure12,000 sq. ft.
Original Price:
$8,499,000
Data was last updated August 22, 2019 at 11:05 AM (UTC)

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.