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1548 West 2nd Avenue

$988,000

  • Vancouver
  • Retail
  • 1,102 SF
For Sale

Property Description

An exceptionally well maintained and operated strata retail unit at the spectacular ‘Waterfall Building’ by Arthur Erickson. This unit is split across two levels providing an office or retail component with courtyard access as a bonus. Tenanted by Luminous Elephant Studios Inc. since 2016, this offers a stable investment until March 2023 and an escalating lease in place for each year of the term.


Location

Located in the False Creek / Fairview neighbourhood and just steps from to tourist trap of Granville Island, this strata retail / office property is in a prime location with excellent exposure onto West 2nd and just 2 blocks from the bustling retail strip of West 4th Avenue. Due to this proximity, the pedestrian and vehicular traffi c is high. Just 25 minutes from Vancouver International Airport, 2 minutes across Granville Street Bridge to downtown Vancouver and a one (1) minute walk to Granville Island make this a prime and perfect retail location.

Additional Property Details

PID 025-151-355
Legal Description PL LMS4510 LT 55 DL 526 LD 36
Zoning C-2B Commercial
Building Size 1,102 sq. ft.* (750 sq. ft. ground fl oor / 352 sq. ft. on the2nd fl oor*)
Property Taxes $10,799.93
Current NOI $27,131.28 (annual rental escalations in place)