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New property listed in Downtown VE, Vancouver East

Property Photo: 150 CORDOVA ST E in VANCOUVER
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 Oct 1st 2011 to Sept 30th 2013, gross monthly rent increase to $3,370, from Oct 1st 2013 to Sept 30th 2014, gross monthly rent increase to $3,787. Total site area is Approx 6,100 Sq Ft. Rare holding investment property with great dev potential for a 75 ft high, 8 levels building.
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