This rare, professionally maintained and managed, standalone investment property sits on the corner of a major commercial intersection at 49th Avenue and Fraser Street in Vancouver. It features a long-term, hassle-free triple-net lease agreement with a AAA tenant, Scotia Bank leasing both floors. With robust underlying land value surrounded by other banks, businesses, and a historically stable and vibrant walking traffic and transit focused community, this property presents a predictable, generational investment opportunity with once in a lifetime redevelopment upside. With its flourishing growth and economic expansion, the Faser area has emerged as one East Vancouver's most coveted neighborhoods. This property provides the timely opportunity to enjoy the rewards of the area's soon to be planned redevelopment and resulting economic upside at today's lower prices with strong cashflow in the meantime. Please contact Eric or Aman for further details on this promising investment opportunity. (id:47421)
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Detailed Information
Total Area
7,500 ft2
Property Type
Retail
Transaction Type
For sale
Zoning Description
C2
Building
Constructed Date
1955
Utilities
Type
Description
Cable
Available
Electricity
Available
Water
At Lot Line
Land
Total Size
7596 square feet
Size of Irregular Land
7596
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