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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
1801 Commercial Drive & 1656 East 2nd Avenue
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
FOR SALE | RETAIL1801 COMMERCIAL DRIVE & 1656 EAST 2ND AVENUEVANCOUVER, BC
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
FOR SALE | RETAIL1801 COMMERCIAL DRIVE & 1656 EAST 2ND AVENUEVANCOUVER, BC
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
Property Info
Address Legal Description Zoning Building Area Lot Sizes
1801 Commercial DrivePID No: 009-935-479Lot 9 Block 73 District Lot 264A Plan 8801
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
1801 Commercial Drive & 1656 East 2nd Avenue
SALS
BURY
DRI
VE
COTT
ON
DRI
VE
COM
MER
CIAL
DRI
VE
COTT
ON
DRI
VE
GRANT STREET
GRAVELEY STREET
E 1ST AVENUE
E 2ND AVENUE
E 3RD AVENUE
KITCHENER STREET
COM
MER
CIAL
DRI
VE
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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28
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Blo
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Co
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ht ©
2018
Macd
on
ald C
om
mercial R
eal Estate S
ervices Ltd., A
ll righ
ts reserved.
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
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
1801 Commercial Drive & 1656 East 2nd Avenue
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 | RETAIL1801 COMMERCIAL DRIVE & 1656 EAST 2ND AVENUEVANCOUVER, BC
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