for sale - macdonaldcommercial.com · commercial and broadway. ... la cabana hair studio 4...

Chris McIntyrePersonal Real Estate CorporationD 604.630.3392 C 604.889.0699chris.mcintyre@lee–associates.com

Ryan BarichelloD 604.630.3371 C 604.889.4146ryan.barichello@lee–associates.com

Eric PoonPersonal Real Estate CorporationD 604.714.4768 C [email protected]

Co-listed with:

FOR SALE | RETAIL1801 COMMERCIAL DRIVE & 1656 EAST 2ND AVENUEVANCOUVER, BC

FOR SALE

1801 Commercial Drive & 1656 East 2nd Avenue

Retail Corner with Development Potential

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.

Macdonald Commercial Real Estate Services Ltd. 1827 West 5th Avenue, Vancouver, B.C. V6J 1P5 T: 604.736.5611 | F: 604.736.7976 | www.macdonaldcommercial.com

For further information please contact:

Eric K. Poon*[email protected]*Personal Real Estate Corporation

Chris McIntyre*604.630.3392chris.mcintyre@lee–associates.com*Personal Real Estate Corporation

Ryan Barichello604.630.3371ryan.barichello@lee–associates.com


The Opportunity

An extremely rare opportunity to secure a prime corner property along Vancouver’s popular Commercial Drive. The property consists of two (2) lots totaling approximately 11,654 SF and a 8,109 SF retail building. This unique property offers users, investors, and developers significant upside in East Vancouver’s most vibrant neighbourhood.

Location

This centrally located property on the southwest corner of Commercial Drive and East 2nd Avenue is ideal for walkers, bikers, and transit riders. The site offers residents easy access to banks, grocers, European-style cafés, bars, and boutique restaurants. Close parks include Alice Townley Park, McSpadden Park, and Victoria Park. The adoption of the Grandview Woodland Community Plan has helped to expedite significant future development projects in the area like the Safeway site located at Commercial and Broadway.

Com

mer

cial

Dr

East 2nd Ave

1801 COMMERCIAL DR

1656E 2ND

AVE

SUBJECT


The Opportunity An extremely rare opportunity to secure a prime corner property along Vancouver’s popular Commercial Drive. The property consists of two (2) lots totaling approximately 11,654 SF and a 8,109 SF retail building. This unique property offers users, investors, and developers significant upside in East Vancouver’s most vibrant neighbourhood.

Location This centrally located property on the southwest corner of Commercial Drive and East 2nd Avenue is ideal for walkers, bikers, and transit riders. The site offers residents easy access to banks, grocers, European-style cafés, bars, and boutique restaurants. Close parks include Alice Townley Park, McSpadden Park, and Victoria Park. The adoption of the Grandview Woodland Community Plan has helped to expedite significant future development projects in the area like the Safeway site located at Commercial and Broadway.

The Sale Process On behalf of Lucarino Investment Ltd. (the “Vendor”), Lee & Associates Vancouver and MacDonald Commercial are pleased to offer an opportunity to purchase the properties located at 1801 Commercial Drive and 1656 East 2nd Avenue, Vancouver (the “Property”).

The Property is legally described as:

1801 Commercial DrivePID No: 009-935-479Lot 9 Block 73 District Lot 264A Plan 8801

1656 East 2nd AvenuePID No: Lot 9 Block 73 District Lot 254A Plans 391 and 1771

Prospective buyers are invited to submit offers to purchase the Property for consideration by the Vendor using the Form of Offer provided by Lee & Associates and MacDonald Commercial. The deadline for offer submission will be __________.

Zoning1801 Commercial DriveC-2C (Commercial). This zoning allows fora maximum Floor Space Ratio (FSR) of 3.

5,000 SFBuilding Area Main Floor Retail AreaOffice/Storage + Basement 3,109 SFTotal 8,109 SF

1656 East 2nd AvenueRM-4 (Multi-Family). This zoning allows for a maximum Floor Space Ratio (FSR) of 1.45.

Lot Sizes 1801 Commercial Drive 61.05’ x 124.96’ = 7,628 SF 1656 East 2nd Avenue 33’ x 122’ = 4,026 SFTotal 11,654 SF

Com

mer

cial

Dr

East 2nd Ave

1801 COMMERCIAL DR

1656E 2ND

AVE

SUBJECT


The Opportunity An extremely rare opportunity to secure a prime corner property along Vancouver’s popular Commercial Drive. The property consists of two (2) lots totaling approximately 11,654 SF and a 8,109 SF retail building. This unique property offers users, investors, and developers significant upside in East Vancouver’s most vibrant neighbourhood.

Location This centrally located property on the southwest corner of Commercial Drive and East 2nd Avenue is ideal for walkers, bikers, and transit riders. The site offers residents easy access to banks, grocers, European-style cafés, bars, and boutique restaurants. Close parks include Alice Townley Park, McSpadden Park, and Victoria Park. The adoption of the Grandview Woodland Community Plan has helped to expedite significant future development projects in the area like the Safeway site located at Commercial and Broadway.

The Sale Process On behalf of Lucarino Investment Ltd. (the “Vendor”), Lee & Associates Vancouver and MacDonald Commercial are pleased to offer an opportunity to purchase the properties located at 1801 Commercial Drive and 1656 East 2nd Avenue, Vancouver (the “Property”).

The Property is legally described as:


1656 East 2nd AvenuePID No: Lot 9 Block 73 District Lot 254A Plans 391 and 1771

Prospective buyers are invited to submit offers to purchase the Property for consideration by the Vendor using the Form of Offer provided by Lee & Associates and MacDonald Commercial. The deadline for offer submission will be __________.

Zoning1801 Commercial DriveC-2C (Commercial). This zoning allows fora maximum Floor Space Ratio (FSR) of 3.

5,000 SFBuilding Area Main Floor Retail AreaOffice/Storage + Basement 3,109 SFTotal 8,109 SF

1656 East 2nd AvenueRM-4 (Multi-Family). This zoning allows for a maximum Floor Space Ratio (FSR) of 1.45.

Lot Sizes 1801 Commercial Drive 61.05’ x 124.96’ = 7,628 SF 1656 East 2nd Avenue 33’ x 122’ = 4,026 SFTotal 11,654 SF

Property Info

Address Legal Description Zoning Building Area Lot Sizes


C-2C (Commercial)This zoning allows fora maximum Floor Space Ratio (FSR) of 3.0.

Main Floor Retail Area 5,000 SF

Office/Storage + Basement 3,109 SF

61.05’ x 124.96’ = 7,628 SF

1656 East 2nd AvenuePID No: 015-315-002Lot 9 Block 73 District Lot 254A Plans 391 and 1771

RM-4 (Multi-Family)This zoning allows for a maximum Floor Space Ratio (FSR) of 1.45.

N/A 33’ x 122’ = 4,026 SF

Total 8,109 SF 11,654 SF

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.

Address 2018 BC Assessments

Property Taxes 2017

1801 Commercial Drive $6,446,000 $66,857.24

1656 East 2nd Avenue $1,663,000 $13,211.43

Total $8,109,300 $80,068.67

Demographics 1 km 3 km 5km

Median Age 37.3 38.8 38

2016 Population Projection 19,908 157,186 414,232

Average Household Income $67,353.00 $65,005.00 $75,452.00

Total Daytime Population 15,853 166,426 546,686


SALS

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GRANT STREET

GRAVELEY STREET

E 1ST AVENUE

E 2ND AVENUE

E 3RD AVENUE

KITCHENER STREET

COM

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E 4TH AVENUE

Paris Bakery7 Days Smoke Shop

Room For Two Maternity ApparelEast Vab Pizza

Hizado SushiDonair TownGinger Sushi

Tandoori PalaceTatsu Japanese Bistro

The Charlatan

Marcello Ristorante & PizzeriaBao DownSake Maki SushiThe Daily Catch Seafood MarketPasture To Plate Natural ProductsCard PlusInternational TravelBonavita HealthEuro Cafe, Lotto CentreBlack Dog Videos, Vera’s Burger

Sopra SottoBC Liquor StoreSpartacus GymKalena’s ShoesThe Candy AisleDolce AmoreMerchants Workshop

Norman’s Fruit & SaladLibra RoomExposure HomeLa MezcaleriaTriple A MarketThe Drive Coffee BarMy BBQ HutThe Drive PharmacyMoneytree

Red BurritoEXP Bubbletea & LifestyleMr. Pet’sMintageFrederico’s Supper ClubPersia Foods Produce MarketsTake Thai HomeBabylon Tea Co., StarbucksEscents, LaLa’s On The Drive

Continental CoffeeFalconetti’s East Side GrillThe Doctor Vigari GalleryThe Cannibal CafeMediterranean Specialty FoodsPulpfiction booksCruiseShip CentreKojima SushiSmoker’s Corner, Spade Coffee Spirits & TreatsBlue Copper Capital Corporation

Easy ShopQuidditasWashing WellsLa Cabana Hair Studio4 Brother’s PizzaMediterranean FireOllie QuinnPado Cafe

Angelo TailorsColumbus World Travel

ParanadaShoppers Simply Pharmacy

Busy Bee CleanersBlue Sky T-ShirtsArriva Ristorante

The DimeHome Hardware

The PennyBablyon Cafe

Mercato DonarCare Point Medical Centre

Family Justice CentreMetropolitan Insurance Brokers

Tim HortonsFast Cell Repair, Lombardo’s Pizza

Il Mercato, Vancity Credit Union

RBC Royal BankGrandview Smoke Shop

NT Electronics & Pawn BrokerJN & Z Deli

Flight CentreKushKlub Cannabis

Caffe CalabriaLa Grotta Del Fromaggio

Fratelli Authentic Italian Baking

Hi-Light Auto-body ShopFranks Jewelry

Jefferson’s BarbershopRiddim & Spice

Coastal Food MarketAfro Hair Studio

Grandview-Woodland Community PolicingDollar Plus and GiftsThe Drive Skateshop

Cafe Carthage, Mark’s Pet ShopTikka House, Belgian Fries

Nunu’s Hair SalonVolcano Sushi Commercial

Giancarlo Italian Deli

Saloniki Greek TavernaEast Van Inc.

SUBJECT

Property Featuresf 13 on-site parking stalls (approximately) f Two rear loading doorsf 11’ retail area ceiling height (approximately) f Unique historical buildingf Close proximity to transit and rapid transit f Ancillary storage and office areas

2018 BC Assessments Property Taxes 2017

1801 Commercial Drive $6,436,000 $66,857.24

1656 East 2nd Avenue $1,663,000 $13,211.43

Total $8,099,000 $80,068.67

Demographics 1 km 3 km 5 km

Median Age 37.3 38.8 38

2016 Population Projection 19,908 157,186 414,232

Average Household Income $67,353.00 $65,005.00 $75,452.00

Total Daytime Population 15,853 166,426 546,686PCensus 2016 Estimate

Due Diligence Information Qualified prospective purchasers may have access to a data room containing important property information by exercising and returning a Confidentiality Agreement (“CA”) to the Listing Agents. Contact agents for a CA or additional information.

Vacant Possession The Property is not tenanted and will be delivered vacant upon closing.

Sale Price Bid Process. Contact Agents for guidance.

Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 02/13/18.

leevancouver.com

Walk Score

98 97 78

Property Features

• 13 on-site parking stalls (approximately)• Two rear loading doors• 11’ retail area ceiling height (approximately)• Unique historical building• Close proximity to transit and rapid transit• Ancillary storage and office areas

The Sales Process

On behalf of Lucarino Investments Ltd. (the “Vendor”), Lee & Associates Vancouver and MacDonald Commercial are pleased to offer an opportunity to purchase the properties located at 1801 Commercial Drive and 1656 East 2nd Avenue, Vancouver (the “Property”).

Prospective buyers are invited to submit offers to purchase the Property for consideration by theVendor using the Form of Offer provided by Lee & Associates and Macdonald Commercial. Thedeadline for offer submission will be April 6, 2018.

Due Diligence Information

Qualified prospective purchasers may have access to a data room containing important property information by exercising and returning a Confidentiality Agreement (“CA”) to the Listing Agents. Contact agents for a CA or additional information.

Vacant Possession

The Property is not tenanted and will be delivered vacant upon closing.

Sale Price

Bid Process. Contact Agents for guidance.

E 2nd Ave.

E 1st Ave.

Graveley St.

Grant St.

Kitchener St.

Graveley St.

E 3rd Ave.

E 4th Ave.

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RBC Royal Bank

Grandview Smoke Shop

NT Electronics & Pawn Broker

JN & Z Deli

Flight Centre

KushKlub Cannabis

Caffe Calabria

La Grotta Del Formaggio

Fratelli Authentic Italian Baking

Red Burrito

Bubbletea & Lifestyle

Mr. Pet’s

Mintage

Federico’s Supper Club

Persia Foods Produce Markets

Take Thai Home

Babylon Tea Co.

Escents

LaLa’s on the Drive

Starbucks

Norman’s Fruit & Salad

Libra Room

Exposure Home

La Mezcaleria

Triple A Market

The Drive Coffee Bar

My BBQ Hut

The Drive Pharmacy

Moneytree

Marcello Ristorante & PizzeriaBao Down Sake Maki SushiThe Daily Catch Seafood MarketPasture To Plate Natural ProductsCard PlusInternational Travel Bonvita HealthEuro CafeBlack Dog VideosVera’s BurgerLotto Centre

Paris Bakery

7 Days Smoke Shop

Room For Two Maternity Apparel

East Van Pizza

Hizado Sushi

Donair Town

Ginger Sushi

Tandoori Palace

Tatsu Japanese Bistro

The Charlatan

Sopra SottoBC Liquor StoresSpartacus GymKalena’s ShoesThe Candy AisleDolce AmoreMerchants Workshop

Dirty PennyBabylon CafeMercato DonarCare Point Medical CentreFamily Justice CentreMetropolitan Insurance BrokersTim HortonsFast Cell Repair, Lombardo’s PizzeriaIl Mercato, Vancity Credit Union

Angelo TailorsColumbus World TravelParanadaShoppers Simply PharmacyBusy Bee CleanersBlue Sky T-ShirtsArriva RistoranteThe DimeHome Hardware

Saloniki Greek Taverna

East Van Inc.

Cafe CarthageTikka HouseNunu’s Hair SalonVolcano Sushi CommercialGiancarlo Italian DeliMark’s Pet ShopBelgian Fries

Continental Coffee

Falconetti’s East Side Grill

The Doctor Vigari Gallery

The Cannibal Cafe

Mediterranean Specialty Foods

Pulpfiction Books

CruiseShip Centre

Kojima Sushi

Smoker’s Corner

Blue Copper Captial Corporation

Spade Coffee Spirits & Treats

Hi-Light Autobody ShopFranks JewleryJefferson’s BarbershopRiddim & Spice Coastal Food MarketAfro Hair StudioGrandview-Woodland Community PolicingDollar Plus GiftsThe Drive Skateshop

Easy ShopQuidditasWashing WellsLa Cabana Hair Studio4 Brothers’ PizzaMediterranean FireOllie QuinnPado Cafe

SUBJECT

BLOCK MAP 1801 Commercial Drive, Vancouver, BC






SUBJECT

Commercial Dr

East 2nd Ave

DOWNTOWN

475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com

Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 02/13/18.






for sale - macdonaldcommercial.com · commercial and broadway. ... la cabana hair studio 4...

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