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2879 COMMERCIAL DRIVE Vancouver, BC V5N 0A6
1,014 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,014 sqft
Price per Sqft $1,280
Subdivision Grandview Woodland
MLS Listing ID C8065281
Year Built 2011
Annual Tax Amount $10,191
Tax Year 2024
Property Description
Fully revitalized strata retail unit with a delightful boutique bakery tenant, generating steady income from a recently signed lease. Boasting a 4.3% CAP rate at the asking price, this property offers a smart investment opportunity aligned with the vision and vibrancy of the neighborhood. Located in a neighborhood rich in culture and history, The Drive is known for its eclectic mix of shops, renowned restaurants like The Burrow and Lunch Lady, and popular events such as Italian Day on the Drive. With excellent visibility, a strategic location near a new mixed-use development, and easy access—just a 6-minute walk to the Commercial-Broadway SkyTrain station, this property promises long-term growth in one of Vancouver's most dynamic communities.
Location
Province BC
Community Grandview Woodland
Area Vancouver East
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Dwelling Type Retail
Water Municipal
Structure Type Other
Listed by Macdonald Commercial Real Estate Services Ltd.