Property listed at 150 CORDOVA ST E in Vancouver.
Check this out! The vacant land is located in Gastown district. One property to Main Street, close to Vancouver Police Station and Court House. High traffic road with good visibility. Close to high grade stores and famous restaurant. Currently leased out as a parking lot with solid tenants for $3,000 gross net plus $1,455.63 improvement reimbursement per month with 6 month termination fee. 5 years lease term with floating rent set up: Start from October 1st 2011 to September 30th 2013, gross monthly rent increase to $3,370, from October 1st 2013 to September 30th 2014, gross monthly rent increase to $3,787. Total site area is Approximated 6,100 Sq Ft. Rare holding investment property with great development potential for a 75 feet high, 8 levels building. Total buildable area approximated 48,800 Sq Ft. Zoning is HA-2 which allow to commercial-residential; mix use. Environmental phase 1 report if available. Don't miss this opportunity!
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