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For Sale
$850,000
MLS® C8080613
1250 COMMERCIAL DRIVE
Vancouver, British Columbia, V5L3X4
- Interior
- 680 sqft
- Property type
- Retail
- Building
- Retail
- Year built
- 1997
Property facts
- Interior
- 680 sqft
- Property type
- Retail
- Building
- Retail
- Transaction
- For Sale
- Year built
- 1997
About this property
Excellent income-producing investment with an approximate 5.08% cap rate and long-term stable rental income. Prime retail investment opportunity on vibrant Commercial Drive. This approximately 680 SF strata retail unit is fully leased to an established long-term tenant with a renewal option, providing secure and reliable cash flow. Includes 1 secured underground parking stall. Major capital improvements include building-wide plumbing replacement (2022) and a new HVAC system (2023), minimizing future maintenance concerns. A turnkey investment opportunity in one of Vancouver's most sought-after retail locations. (id:53361)