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$4,487,000
Est. payment /mo
7,257 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,257 sqft
Price per Sqft $618
MLS® Listing ID C8065896
Year Built 1991
Lot Size 8,052 Sqft
Acres 8052.0
Source Greater Vancouver REALTORS®
Property Description
Modern & recent $350k renovation incl. new: windows, paint & carpets. Warehouse completely pressure washed, floor grinded & re-leveled w/ fresh concrete. Then passed COV safety inspections & issued new occupancy cert. 18 ft. ceiling. 7,257 SF of leaseable area. Recently vacant w/ mkt rents of $24 per SF Net = 3.9% cap rate. Adjacent bldgs same owner 1642 & 1670 Pandora also on MLS. Heavy Industrial redevelopment site. Site is 8,052 SQFT of land & 66 FT of frontage along Pandora St. First time to sales market since built in 1991. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (40,260 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74k SF floor area) & directly behind the newer 7 storey SmartStop Storage (90k SF). 2021 Phases 1 & 2 Environmental Analysis done. Jul 2024 BC Property Tax Assessment: Land $4.323M + Bldg $10,200. Starting price $111 per Buildable SQFT or $557 per SQFT of land. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
Fence Fenced yard
View Y/N No
Private Pool No
Building
Sewer Storm sewer
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Listed by Amex Broadway West Realty