342 Powell Street, Vancouver, BC

Corbel Commercial is excited to present an incredible opportunity to acquire 100% interest in 342 – 350 Powell Street, located in Vancouver's vibrant Japantown-Strathcona neighborhood. This rectangular-shaped site boasts an impressive 75 feet of frontage along Powell Street and a depth of approximately 122 feet. Currently, the site is improved with a 2-storey mixed-use brick and masonry building with parking at the rear. In addition, there is a potential opportunity to acquire the adjacent property at 358 - 362 Powell Street*, which opens possibilities for expansion and assembly. This prime location experiences high traffic and is in close proximity to the new and upcoming technology and social innovation center at the old Police Station, as well as the vibrant Chinatown, Gastown, and Railtown districts. Nearby, you'll find notable establishments such as INFORM Furniture, Cuchillo, Vancouver Urban Winery, Bean Around the World, Ask for Luigi, Railtown Café, JJ Bean, Cadeaux Bakery, and many more. For developers, investors and owner-users alike, 342 – 350 Powell Street presents an exceptional opportunity which combines location, potential, and charm. *Potential assembly for additional expansion lot at 358 - 362 Powell Street is subject to confirmation. *Subject to the City of Vancouver's Single Room Accomodation (SRA) bylaw. The approved occupancy with the City of Vancouver is restaurant (class 1) for unit 342, retail (food) for unit 344, lodging/rooming house (containing 6 sleeping units and 8 housekeeping units) for unit 346, retail and restaurant class 1 for units 348 & 350. Purchaser is responsible for obtaining all necessary municipal approvals and licenses for their occupancy.