1,978 ft²Retail$2,896,666Sale
1,978 ft²
Retail
$2,896,666
Sale
Eric Lee PREC*
Sutton Group-West Coast Realty
Virtual Tour
Rare opportunity to acquire a well-maintained 1,978 sqft strata retail unit featuring a fully equipped commercial kitchen. Over $800,000 has been invested in the high-quality build-out and equipment. Leased to an established restaurant tenant, providing stable and dependable income. Ideally situated near Joyce–Collingwood SkyTrain Station and surrounded by numerous high-density residential developments, the location benefits from steady foot traffic and strong local demand. The property includes two underground parking stalls and more than 20 free street parking stalls in the immediate area., a significant advantage in this transit-oriented neighborhood. This property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $130,350 /year, CAP RATE : 4.5%
The Space
Asking Price$2,896,666
Available Space1,978 ft²
Net Operating Income$$130,350/year
Property UseRetail
SourceDirect
The Building
Property TypeRetail
Floors1
Similar Listings
Up to $500K for British Columbia businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.
