124 West 8th Avenue
Vancouver, BC
FOR SALE
Property details
- Building size 5,000 sf
- Site size 37.5’ x 102’ (3,825 sf)
- Current Zoning I-1 Industrial
- Property taxes $41,870.90
- Net operating income $165,000
- Asking price Please contact listing agent
Avison Young is pleased to present the opportunity to purchase and occupy a flex industrial warehouse and office building of 5,000 sf with approximately 1,000 sf of secure fenced yard/parking area. Currently tenanted, however, vacant possession is possible. Future development potential comes under the Broadway Plan: Broadway Shoulder Area East (MBSA) with an opportunity to develop up to 6.0 FSR with assembly.
The Property features grade level loading, built out medical lab space, treatment rooms and nicely improved second floor office.
The Property is centrally located in East Vancouver, providing easy access to the new St. Paul’s Hospital, downtown Vancouver, numerous major thoroughfares connecting to neighboring municipalities (Burnaby, South Vancouver, West Vancouver, and North Vancouver).
CURRENT ZONING: Zoning Bylaw: I-1 (3.0 FSR)
The primary intent of this schedule is to permit light industrial uses, including advanced technology industry and industry with a significant amount of research and development activity, that are generally compatible with one another and with adjoining residential or commercial districts. Commercial uses, including office and retail uses, which are compatible with or complementary to light industrial uses, are also permitted, subject to the limitations in this schedule.
FUTURE LAND USE
Under the Broadway Plan: Broadway Shoulder Area East - Area A (MBSA) (I-1 Zone Sites): 4.5 FSR to 6.0 FSR. Please review Policy Summary Table below and connect with the agent for further details.
