786 Powell Street, Vancouver
786 Powell Street, Vancouver
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5 Photos
- Living area: 4682 square feet
- MLS®: c8059035
- Type: Commercial
- Added: 21 days ago
Property Details
Iconic Properties Group introduces a lucrative investment opportunity'a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth. (id:1945)
Property Information
- Tax Year: 2023
- Year Built: 1978
- Living Area: 4682
- Photos Count: 5
- Lot Size Units: square feet
- Tax Annual Amount: 32346.2
- Lot Size Dimensions: 3050
- Zoning Description: M-2
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