541 Hastings St E - Storefront FOR SALE


Vancouver, BC V6A 1P9
$1,598,000 CAD
604-398-8836
541 Hastings St E, Vancouver, BC for Sale
$1,598,000 CAD
Storefront - FOR SALE
1/3
null | Request Cap Rate

541 Hastings St E
Vancouver, BC V6A 1P9


HIGHLIGHTS

  • Previously operated as a restaurant, the subject property consists of approximately 2,500 SF & is outfitted with a \seating area, bar, & kitchen
  • Immediate proximity to Downtown Vancouver, Chinatown and Railtown
  • Located in Vancouver’s Historic Japantown neighbourhood

OVERVIEW

Originally constructed in 1927 and nestled mid-block on East Hastings Street between Jackson Ave and Princess Ave, 541 E Hastings Street presents a rare opportunity to purchase a commercial property that is ready to be renovated. Previously operated as a restaurant, the subject property consists of approximately 2,500 SF and is outfitted with a spacious seating area, a bar, and a large kitchen. 541 E Hastings Street offers a strong foundation to be the next trending restaurant or could potentially be utilized as a commissary kitchen. Furthermore, the subject property offers substantial development potential under the DEOD Sub-Area 1 zoning bylaw, allowing up to a maximum development of up to 5.0 floor space ratio (FSR). Whether a seasoned investor or commercial business operator, the subject property offers a rare opportunity to revitalize a property with vacant possession or explore development options with the City of Vancouver.

FOR SALE DETAILS

PRICE

$1,598,000 CAD

PRICE/SF

$639 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,050 SF

ZONING

DEOD Sub-Area 1

APN/PARCEL ID

015-584-283

ASK ABOUT THIS PROPERTY

Jonathan GeeParadigm GroupMore Info
604-398-8836

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Jonathan GeeParadigm GroupMore Info
604-398-8836

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