1867-1873 Marine Dr - Storefront Retail/Residential CONDO FOR SALE


West Vancouver, BC V7V 1J7
$2,300,000 CAD
604-786-7778
1867-1873 Marine Dr, West Vancouver, BC for Sale
$2,300,000 CAD
Storefront Retail/Residential CONDO - FOR SALE
1/5
null | Request Cap Rate

1867-1873 Marine Dr
West Vancouver, BC V7V 1J7


HIGHLIGHTS

  • Street-front strata retail unit in the Ambleside Business District
  • Currently leased to a long-term tenant with no renewal option, creating owner-user potential
  • Interior features reception, treatment rooms, storage, and an accessible washroom with shower
  • Three covered parking stalls provided for convenience and tenant appeal
  • Located within walking distance of parks, waterfront trails, and essential amenities
  • Direct access to Marine Drive transit connections, with Park Royal and Lions Gate Bridge 5 minutes away

OVERVIEW

This ground floor retail strata unit is located in a mixed commercial/residential development consisting of two (2) retail commercial tenants and eight residentail strata units. Built circa 1993 this unit is adjacent to a Podiatry clinic, Memorial Park to the west and two blocks south of Seawalk Gardens and the Spirit Trail. This property is located on the Marine Drive Public Transit line connecting Park Royal Shopping Centre, Ambleside and Dundarave business districts. The current tenant has been at this location for over 15 years and is operating a day spa and rejuvenation clinic. The space has newer improvements with generous waiting room/reception and seating areas, 7 treatment rooms, storage, handicap washroom with adjoining shower facility. The current tenant does not have an Option to Renew at the end of their Lease. This provides an ideal opportunity to self-occupy on busy Marine Drive or continue to collect rent for positive cash flow.

FOR SALE DETAILS

PRICE

$2,300,000 CAD

PRICE/SF

$1,865 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

15,571 SF

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

018-241-727

ASK ABOUT THIS PROPERTY

Mark HagedornMacdonald CommercialMore Info
604-786-7778

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Mark HagedornMacdonald CommercialMore Info
604-786-7778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.