New Price! Freestanding Mixed Use Property For Sale | North Vancouver

Freestanding Commercial Mixed Use Investment Property for Sale

Address: 1635-1637 Marine Drive, North Vancouver

Zoning: C9 - Marine Drive Commercial Zone 9

Lot Size : 2,953 SF | 39.5’ x 75’

Construction 2 Storey Mixed Use

Projected Cap 3.85%

Asking Price $3,980,000

Exceptional Income Potential: Currently fully vacant and ready to be occupied at market rental rates. Projected Cap Rate 3.85%
User Occupier Opportunity with Supplementary Income
Alternatively, occupy up to 1,857 SF of prime retail space for your business, complete with two washrooms and HVAC with distribution installed, while generating supplementary income from the upstairs residential tenancies.
Fully Rebuilt
- Final Inspection Approved
- Minimal Future Maintenance Costs The property has been rebuilt to the studs, ensuring low maintenance costs, no near future capital expenses, and the added benefit of warranties.
Unit Mix
- 2 - Two Bedroom and 1 - One Bedroom well appointed residential units on the top floor
- 2 high exposure ground level retail units complete with in unit storage and a bathroom.

For additional information please contact Pouria Nikravan PREC or Raman Bayanzadeh PREC, CCIM or Chris Hayne

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