2990 Arbutus Street
Vancouver, BC
FOR SALE
Property Overview
- Address 2990 Arbutus Street, Vancouver, BC
- PID 007-276-958
- Lot Size 5,797 sf (58 ft x 100 ft)
- Building Area 5,118 sf
- Tenants Leased to one tenant, vacant possession after 6-12 months
- Broadway Plan Designation Broadway/Arbutus South - Area E
- Year Built 1991
- Financing Treat as clear title
- Sale Structure Asset sale (potential for share sale through acquiring operating company)
- Stabilized Net Operating Income (Year 1) $213,120
- Asking Price $5,500,000
Opportunity
Avison Young is pleased to present the opportunity to acquire 2990 Arbutus Street, a 5,118 sf commercial property in Vancouver’s highly desirable Kitsilano neighbourhood. Offering retail, office and warehouse space, the Property is ideally located just blocks from the new Arbutus SkyTrain Station, with excellent access to amenities and Metro Vancouver.
Property Highlights
Prime location situated in the heart of Kitsilano, offering easy access to amenities and transit options
The Property is improved with a fully renovated commercial building with an exceptional 100 ft of frontage along Arbutus Street
Currently leased to a medical clinic and vacant possession to be provided within 6-12 months upon sale
Located within the 400m to 800m proximity threshold to the Arbutus Station SkyTrain Millennium Line in a Transit Oriented Development (TOD) area, allowing a maximum of 3.0 FSR and 8 storeys
Major capital upgrades have been completed to the building including a fully renovated interior space throughout. The Property is best suited for medical or health professionals in its current form
