1350 Commercial Dr - Storefront FOR SALE


Vancouver, BC V5L 3X6
$6,500,000 CAD
778-654-1474
1350 Commercial Dr, Vancouver, BC for Sale
$6,500,000 CAD
Storefront - FOR SALE
1/7
null | Request Cap Rate

1350 Commercial Dr
Vancouver, BC V5L 3X6


HIGHLIGHTS

  • Prime corner location with 64 feet of frontage on Commercial Drive.
  • Fully leased to two strong tenants with stable income.
  • Surrounded by high-foot-traffic retailers and dense residential.
  • Exposure to over 14,800 vehicles daily.
  • Includes five surface parking stalls and one loading stall.
  • Steps from Grandview Park and near Commercial-Broadway Station.

OVERVIEW

Located at the high-visibility corner of Commercial Drive and Kitchener Street, this fully leased retail property offers investors a rare opportunity to acquire a stabilized asset in one of Vancouver’s most dynamic commercial corridors. Known locally as “The Drive,” the area is a cultural and culinary hub, home to Little Italy and a vibrant mix of independent retailers, restaurants, and specialty shops. The property spans 4,835 square feet across two units, situated on a 7,232-square-foot site with 64 feet of frontage. Tenants include Famoso Italian Pizzeria and Rosemary Rocksalt Bagels, both well-established operators with strong covenants. Famoso is currently undergoing a rebranding under new ownership, adding upside potential to the tenancy profile. Positioned just steps from Grandview Park and minutes from Commercial-Broadway Station, the site benefits from exceptional pedestrian and vehicular traffic, with exposure to over 14,800 vehicles per day. The surrounding neighborhood is dense with residential housing, ensuring consistent daytime and evening footfall. The property includes five surface parking stalls and one loading stall, enhancing accessibility for tenants and customers alike. Zoned C-2C Commercial, the site supports a range of retail and service uses. With proximity to Downtown Vancouver and Highway 1, this location offers both local vibrancy and regional connectivity. Investors seeking a turnkey retail asset in a high-demand urban setting will find 1350 Commercial Drive to be a compelling opportunity.

FOR SALE DETAILS

PRICE

$6,500,000 CAD

PRICE/SF

$1,344 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-2C

APN/PARCEL ID

011-948-922,011-948-931

ASK ABOUT THIS PROPERTY

778-654-1474

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778-654-1474

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