3,200 ft2
$6,000,000
A four-story low-rise mixed-use building in the Downtown Eastside offers 36 rooms and a single retail store. The lot spans 3,050 square feet, with a total usable space of 12,200 square feet plus an unfinished 3,000-square-foot basement. It generates a net operating income of about $312K annually, and there's also an option to lease, excluding the grocery shop, for $20K net per month. There's a possibility to rezone for a hotel and construct a 12-story building with 20% designated for rentals. Please confirm this with the City of Vancouver Planning Department. The Owner is willing to sell a 50% ownership interest in the property. (id:63476)
Business
|
Business Type |
Accommodation |
|
Business Sub Type |
Hotel/motel |
Property Details
|
MLS® Number |
C8075182 |
|
Property Type |
Multi-family |
|
Communication Type |
Internet Access |
Building
|
Constructed Date |
1910 |
|
Fire Protection |
Alarm System |
|
Size Interior |
3,200 Ft2 |
Land
|
Acreage |
No |
|
Sewer |
Storm Sewer |
|
Size Irregular |
3050 |
|
Size Total |
3050 Sqft |
|
Size Total Text |
3050 Sqft |
|
Zoning Description |
Deod |
Utilities
|
Cable |
Available |
|
Water |
At Lot Line |
|
Natural Gas |
Available |