RE/MAX Real Estate Services Blog
Posted in Downtown VW, Vancouver West Real Estate
Property listed at 1130 GRANVILLE ST in Vancouver.
Character 12,000 SF, 4 Level Mixed Use Bldg on 25'x120' lot in DT Comp Dev/Entertainment Dist w 2 flrs of Commercial/Retail plus 2 flrs w 6 Res Units. Bsmt & Street Level spaces (now vacant) each approx 3,000 SF, w sep entrances, meters, h/w tanks etc. Bsmt: Open, bright w 5 baths was leased @ approx $5,000/mo plus CAM's (prop tx, util, ins etc). Street Level unit-Cool, open, 12'-16' ceilings, brick walls, polished wood floors, 2 baths, office, was leased @ approx $10,000/mo & CAM's. The 2nd & 3rd flrs, each approx 3,000 SF, have 2x1BR, 4x2 BR suites w wood floors & mouldings brick walls, sep meters etc, Owner keeps 3 Units, 1 tenant leaving. Bldg in decent condition, w structural, seismic, elec & plumbing upgrades. Pot Res Inc approx $15,000/mo, Pot Total Inc approx $30,000/mo - $360,000/yr; GRM=18x earnings, Cap Rate 4.7+ Seller may carry VTB 1st Mtg. Superb Downtown Loc, Great for Investors, End Users & Developers, fabulous potential. Showings w 2 day notice Contact LS for info pkg, floor plan.