RE/MAX Real Estate Services Blog
Posted in Strathcona, Vancouver East Real Estate
Property listed at 330 HASTINGS ST E in Vancouver.
Mixed-use Building on East Hasting Street in area of future development. DEOD zoned 25’x122’ lot, 3 level 4200 SF (approx.) Bldg. Main flr: 1 Commercial space leased to Health Agency & 1 optical shop - long term proprietor. Upper 2 flrs w/ 3 - 2 Bdrm Suites & 1-1 Bdrm Suite - long term tenants. Gr Income $6580/mo, $78,960/yr (3.2% Cap Rate) w/substantial upside ($130k/yr @ $2.80/SF/mo). Adjacent property being developed for 11 Storey social housing project (completion 2025). Local Area Plan (LAP) for this part Downtown Eastside Oppenheimer District (DEOD) allows for low income mixed use housing of up to 5.0 FSR, 75' building height, so there is future assembly/rezoning/development potential for the property Contact LS for details, info pkg, viewings.