188 5th Av W - Office FOR SALE


Vancouver, BC V5Y 1H7- Mount Pleasant
$4,995,000 CAD
778-800-3215
188 5th Av W, Vancouver, BC for Sale
$4,995,000 CAD
Office - FOR SALE
1/5
null | Request Cap Rate

188 5th Av W
Vancouver, BC V5Y 1H7
Mount Pleasant


HIGHLIGHTS

  • The adjacent property, 164 West 5th Avenue, is available for sale as well.
  • Fully leased corner property in the heart of Mount Pleasant with stable income through Q4 2027.
  • Zoned I-1 with flexibility for laboratory, office, and technology-related uses.
  • Air Significant redevelopment potential with 4.5 FSR and approximately 24,043 sq. ft. of buildable area under the Broadway Plan.
  • Excellent transit access near Broadway-City Hall SkyTrain and the future Mount Pleasant Station.
  • Surrounded by major employers and lifestyle amenities, fostering a vibrant work environment.

OVERVIEW

The property located at 188 West 5th Avenue, Vancouver is a 3,997 sq. ft. industrial building situated on Lot 1, Block 33, District Lot 200A (PID: 004-309-685) and is zoned I-1, allowing for a broad range of uses including laboratories, general office, health care offices, and information communication technology manufacturing. The site falls within the Broadway Plan, designated as Mount Pleasant Industrial Area – Area A (MIAA), permitting a 4.5 FSR and offering approximately 24,043 sq. ft. of potential buildable area. Property taxes for 2025 are $61,220.90. The building is currently leased to Catalera BioSolutions Inc., with the lease expiring in Q4 2027 and no further renewal options. Includes four parking stalls, air conditioning, and 3-phase, 600-volt power for specialized operations. The adjacent property, 164 West 5th Avenue, is available for sale. Contact listing agents for additional information

FOR SALE DETAILS

PRICE

$4,995,000 CAD

PRICE/SF

$1,250 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,343 SF

ZONING

I-1

APN/PARCEL ID

015-557-634

ASK ABOUT THIS PROPERTY

Don MussendenLee & Associates Commercial Real Estate ServiceMore Info
778-800-3215

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Don MussendenLee & Associates Commercial Real Estate ServiceMore Info
778-800-3215

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