62-68 East Cordova Street
FO
E L A RS
62-68 East Cordova Street
$1,750,000
Located on the south side of East Cordova in Vancouver’s historic Gastown district, the building is a free standing one storey building of: brick and wood construction and stone and concrete foundation. Main floor is characterized with 25’ ceilings, wood beams and brick walls. There is both ramp and stair access to the 4000 square of useable basement space. Total building square footage is approximately 10,000 square feet. Recent upgrades include new roof, new exterior paint, new store front windows, and cosmetic upgrades to interior wall and ceiling. Building is vacant and is suitable for new tenancy and/or owner occupier use.
For more information please contact:
Kerby Cowan Gordon Sing
778.891.6475 | [email protected] 604.833.2993 | [email protected]
Area Improvements
The Paris Block residential development by the Salient Group and the new Woodward’s Building development are recent improvements to the surrounding area. This latter development will house: The Simon Fraser University School of Comtemporary Arts (150,000 sf), London Drugs (33,878 sf), 536 residential units, 200 social housing units and a major financial institution and grocery food chain to be confirmed.
62-68 East Cordova Street
PROPERTY DESCRIPTION Kerby Cowan 778.891.6475 Gordon Sing 604.833.2993 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Civic Address 62‐68 East Cordova Street, Vancouver, B.C. Description Vacant, recently upgraded, one storey + basement character building in Gastown. Legal Description Plan #184, Lot 14, Block 8, DL 196, LD 36, Lot 13 PID # 010‐523‐723, 010‐523‐570
Land
Size (dimensions) Zoning Assessment Land Building Total
50, 122 HA‐2 $ 1,258,000 $ 24,000 $ 1,282,000 $ 19,898.18
Taxes (08) Building Size (sf) Main Basement Total
Age Improvement Structure
6,000 4,000 10,000 sf approx. Built in 1901 (108 years old) Back addition improvement done in 1928 (City record) Brick, stone, wood
Income
6000 sf @ $20 10,000 sf @ $12
$120,000 NNN $120,000 NNN 6% proforma $1,750,000
Building
Cap Rate Price
Kerby Cowan 778.891.6475
Gordon Sing 604.833.2993
Vancouver East/BC/Downtown VE 62 68 CORDOVA ST E, V6A 1K2 1/4
LP: $1,750,000 MLS#: V4018587
Tran Type: Prop Type:
For Sale Retail
Total Area: # Storeys:
10,100
Year Built: Occupancy: Vacant LndUse/Zoning: / HA-2 Complex Name:
Tot Expenses:
Gross Income:
6,100 0.140 50 122
Lse Term/Rem: Lease $/SqFt: $0.00 Lse Op Cost Inc:
Main Off SF: Above Off SF:
Construction: RPR/Survey: Env Asmt Phs: Poss Dt/Notes: Restrictions:
Land Sz SF: Land Sz Acres: Lot Frntg: Lot Depth:
Main Ret SF: Above Ret SF:
6,100
Main Wrhs SF: Above Wrhs SF:
RPR Yr: None / TBA
$19,898 / 2008 010-523-723
Contig Space: Condo Fee: Water Supply: Sewer Storm: Sewer Septic:
Lse Ren Mo Prd: Lse Add Rent:
4,000
Flr Plate Wdth: Flr Plate Dpth: Total Prkg Spc:
Warehouse Brick/Masonry
BC
Net Income:
Lse Incentives: Lse Op Cost/SF: $0.00 Lse Measure: LseTyp/SubLse:
Bldg Type:
Active Zone/Province: Title Pulled: Tax Roll: Gross Tax/Yr: Linc/PID#:
Municipal Municipal Contained Municipal/Community
Power Type:
Owner Interest: Freehold
HVAC:
Fire Protection:
None
Heating Fuel:
Reports Avail:
Site Plans
Amenities:
Dock Loading
Site Services:
Cable, Electricity at Lot Line, Fiber Optics at Lot Line, Natural Gas at Lot Line, Garbage Collection, Telephone, Rail Services, Sanitary Sewer, Street Lighting, Telephone Service at Lot Line
Site Influence:
High Traffic Area, Retail Exposure, Public Transit Nearby, Visual Exposure
Legal Desc:
Plan: 184 Blk: 8 Lot: 13 & 14
List Firm 1:
Macdonald Realty Ltd.
Electric
Macdonald Realty Ltd. 2105 West 38th Avenue, Vancouver, BC V6M 1R8
Free standing Gastown building. 10,100 sf (4,000 sf basement). Extensively renovated. New roof, fir floors, electrical. Exposed interior brick walls, high ceilings, wood beams, new store front windows. 50' retail frontage. Ramp and stairway access to basement.
T: 604.263.1911 | F: 604.266.3514 | www.macrealty.com
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission to prior sale or lease, change in price or terms, and withdrawal without notice. This communication is not intended to cause or induce breach of an existing agency agreement.
E L A RS
62-68 East Cordova Street
$1,750,000
Located on the south side of East Cordova in Vancouver’s historic Gastown district, the building is a free standing one storey building of: brick and wood construction and stone and concrete foundation. Main floor is characterized with 25’ ceilings, wood beams and brick walls. There is both ramp and stair access to the 4000 square of useable basement space. Total building square footage is approximately 10,000 square feet. Recent upgrades include new roof, new exterior paint, new store front windows, and cosmetic upgrades to interior wall and ceiling. Building is vacant and is suitable for new tenancy and/or owner occupier use.
For more information please contact:
Kerby Cowan Gordon Sing
778.891.6475 | [email protected] 604.833.2993 | [email protected]
Area Improvements
The Paris Block residential development by the Salient Group and the new Woodward’s Building development are recent improvements to the surrounding area. This latter development will house: The Simon Fraser University School of Comtemporary Arts (150,000 sf), London Drugs (33,878 sf), 536 residential units, 200 social housing units and a major financial institution and grocery food chain to be confirmed.
62-68 East Cordova Street
PROPERTY DESCRIPTION Kerby Cowan 778.891.6475 Gordon Sing 604.833.2993 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Civic Address 62‐68 East Cordova Street, Vancouver, B.C. Description Vacant, recently upgraded, one storey + basement character building in Gastown. Legal Description Plan #184, Lot 14, Block 8, DL 196, LD 36, Lot 13 PID # 010‐523‐723, 010‐523‐570
Land
Size (dimensions) Zoning Assessment Land Building Total
50, 122 HA‐2 $ 1,258,000 $ 24,000 $ 1,282,000 $ 19,898.18
Taxes (08) Building Size (sf) Main Basement Total
Age Improvement Structure
6,000 4,000 10,000 sf approx. Built in 1901 (108 years old) Back addition improvement done in 1928 (City record) Brick, stone, wood
Income
6000 sf @ $20 10,000 sf @ $12
$120,000 NNN $120,000 NNN 6% proforma $1,750,000
Building
Cap Rate Price
Kerby Cowan 778.891.6475
Gordon Sing 604.833.2993
Vancouver East/BC/Downtown VE 62 68 CORDOVA ST E, V6A 1K2 1/4
LP: $1,750,000 MLS#: V4018587
Tran Type: Prop Type:
For Sale Retail
Total Area: # Storeys:
10,100
Year Built: Occupancy: Vacant LndUse/Zoning: / HA-2 Complex Name:
Tot Expenses:
Gross Income:
6,100 0.140 50 122
Lse Term/Rem: Lease $/SqFt: $0.00 Lse Op Cost Inc:
Main Off SF: Above Off SF:
Construction: RPR/Survey: Env Asmt Phs: Poss Dt/Notes: Restrictions:
Land Sz SF: Land Sz Acres: Lot Frntg: Lot Depth:
Main Ret SF: Above Ret SF:
6,100
Main Wrhs SF: Above Wrhs SF:
RPR Yr: None / TBA
$19,898 / 2008 010-523-723
Contig Space: Condo Fee: Water Supply: Sewer Storm: Sewer Septic:
Lse Ren Mo Prd: Lse Add Rent:
4,000
Flr Plate Wdth: Flr Plate Dpth: Total Prkg Spc:
Warehouse Brick/Masonry
BC
Net Income:
Lse Incentives: Lse Op Cost/SF: $0.00 Lse Measure: LseTyp/SubLse:
Bldg Type:
Active Zone/Province: Title Pulled: Tax Roll: Gross Tax/Yr: Linc/PID#:
Municipal Municipal Contained Municipal/Community
Power Type:
Owner Interest: Freehold
HVAC:
Fire Protection:
None
Heating Fuel:
Reports Avail:
Site Plans
Amenities:
Dock Loading
Site Services:
Cable, Electricity at Lot Line, Fiber Optics at Lot Line, Natural Gas at Lot Line, Garbage Collection, Telephone, Rail Services, Sanitary Sewer, Street Lighting, Telephone Service at Lot Line
Site Influence:
High Traffic Area, Retail Exposure, Public Transit Nearby, Visual Exposure
Legal Desc:
Plan: 184 Blk: 8 Lot: 13 & 14
List Firm 1:
Macdonald Realty Ltd.
Electric
Macdonald Realty Ltd. 2105 West 38th Avenue, Vancouver, BC V6M 1R8
Free standing Gastown building. 10,100 sf (4,000 sf basement). Extensively renovated. New roof, fir floors, electrical. Exposed interior brick walls, high ceilings, wood beams, new store front windows. 50' retail frontage. Ramp and stairway access to basement.
T: 604.263.1911 | F: 604.266.3514 | www.macrealty.com
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission to prior sale or lease, change in price or terms, and withdrawal without notice. This communication is not intended to cause or induce breach of an existing agency agreement.
