east hastings street for sale - mixed use investment opportunity
71-77
n East Va c
o
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY
rb
ia
l
EAST HASTINGS STREET
el c rc omme
Don’t be a spectator in the revitalization, participate in it!
N ROBERT THAM 604.609.0882 x 223
[email protected]
CORBEL COMMERCIAL REAL ESTATE SERVICES
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T: 604.609.0882 www.corbelcommercial.com F: 604.609.0886
W E
R P
IC
! E
MARC SAUL 604.609.0882 x 222
[email protected]
E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va
EAST HASTINGS STREET
rb
ia
l
c
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY LOCATION
Commercial
This Landmark Property is strategically located on East Hastings Street between Columbia and Carrall Streets. This high traffic area is located in close proximity to several public transit routes, International Village Mall, Chinatown and Gastown. A few of 71-77 E Hastings Street’s notable neighbors include LightForm, PiDGiN, Save-On-Meats, Bob Rennie’s Wing Sang Building & Gallery, Bitter Restaurant and Army & Navy.
THE OPPORTUNITY
71-77
Don’t be a spectator in the revitalization, participate in it! 71 – 77 E. Hastings Street is a 3 storey plus basement Heritage building which was recently fully renovated from the ground up to enhance the building’s character and charm. The subject property features character retail lease space on the main floor with 19 micro rental units up above. This exceptional Landmark property boasts the following features and upgrades:
Building
• 2 character commercial retail units (73 & 77 E. Hastings Street) • 73 E. Hastings Street is approximately 1,418.70 sf with an additional 1,078 sf on the lower level • 77 E. Hastings Street is approximately 2,546.10 sf with an additional 2,508.60 sf on the lower level • Brand new heritage-style storefronts • Exceptional signage opportunities for Tenants via the revolving neon sign • Exposed red brick • Brand new HVAC units • Secure surface parking at the rear of the building
Lot Size
6,101 sf (Approximately)
Building Size
15,618 sf (Approximately, subject to confirmation)
• New roof • New addition to the 3rd floor • Newly renovated facade with re-pointed brick and art deco features • Completely refurbished 25-foot (Approx.) revolving neon sign • Brand new steel and glass awning with chevron art decal • 3 phase, 400 amp, electrical service • Brand new life safety and sprinkler system • Seismically upgraded
Zoning
EAST HASTINGS DEOD
SRO Designation
17 of 19 units designated SRA’s with in-suite kitchens and washrooms
Legal Description Plan#: EPP26724, Lot: 1, Block: 8, District Lot: 196, Land District: 36.
PID
Residential • 19 newly renovated micro residential rental units • Newly renovated common corridors and key fob access • Common laundry facility on 3rd floor • Brand new appliance package in each of the units • New heritage-style operable windows • Excellent ceiling heights • Brand new HVAC units • Unit sizes ranging from approximately 239 sf to 369 sf
029-066-468
Property Taxes (2014) $ 28,179.04 (The Owner has been granted a Tax Rebate by the City of Vancouver. Please speak to the Listing Agent for further details.)
Projected Net Income $ 217,734.22
New Asking Price $ 4,690,000.00
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY PHOTO GALLERY
71-77 EAST HASTINGS
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va
EAST HASTINGS STREET
rb
ia
l
c
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY LOCAL AREA MAP
9
6
10
7
11
5 4
Carrall St
20
8
14
15
12
16
Columbia St
13
19
2 3
8. L’Abattoir 9. Peckinpah 10. Irish Heather 11. The Blarney Stone 12. Nicli Antica Pizzeria 13. Chill Winston 14. Brooklyn/Alexander
18
71-77 E Hastings St. 1
21
1. Sequel 138 Development 2. PiDGiN 3. LightForm 4. Bitter Tasting Room 5. Army & Navy 6. Save-On-Meats 7. Cork & Fin
17
15. Bambudda 16. CCCIII 17. CrossFit 604 18. InGastown Development 19. The Flying Pig Gastown 20. Woodward’s 21. International Village Mall
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY LOWER LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to confirmation.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY MAIN LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to confirmation.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY SECOND LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to remeasurment.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY THIRD LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to remeasurment.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
n East Va c
o
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY
rb
ia
l
EAST HASTINGS STREET
el c rc omme
Don’t be a spectator in the revitalization, participate in it!
N ROBERT THAM 604.609.0882 x 223
[email protected]
CORBEL COMMERCIAL REAL ESTATE SERVICES
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T: 604.609.0882 www.corbelcommercial.com F: 604.609.0886
W E
R P
IC
! E
MARC SAUL 604.609.0882 x 222
[email protected]
E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va
EAST HASTINGS STREET
rb
ia
l
c
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY LOCATION
Commercial
This Landmark Property is strategically located on East Hastings Street between Columbia and Carrall Streets. This high traffic area is located in close proximity to several public transit routes, International Village Mall, Chinatown and Gastown. A few of 71-77 E Hastings Street’s notable neighbors include LightForm, PiDGiN, Save-On-Meats, Bob Rennie’s Wing Sang Building & Gallery, Bitter Restaurant and Army & Navy.
THE OPPORTUNITY
71-77
Don’t be a spectator in the revitalization, participate in it! 71 – 77 E. Hastings Street is a 3 storey plus basement Heritage building which was recently fully renovated from the ground up to enhance the building’s character and charm. The subject property features character retail lease space on the main floor with 19 micro rental units up above. This exceptional Landmark property boasts the following features and upgrades:
Building
• 2 character commercial retail units (73 & 77 E. Hastings Street) • 73 E. Hastings Street is approximately 1,418.70 sf with an additional 1,078 sf on the lower level • 77 E. Hastings Street is approximately 2,546.10 sf with an additional 2,508.60 sf on the lower level • Brand new heritage-style storefronts • Exceptional signage opportunities for Tenants via the revolving neon sign • Exposed red brick • Brand new HVAC units • Secure surface parking at the rear of the building
Lot Size
6,101 sf (Approximately)
Building Size
15,618 sf (Approximately, subject to confirmation)
• New roof • New addition to the 3rd floor • Newly renovated facade with re-pointed brick and art deco features • Completely refurbished 25-foot (Approx.) revolving neon sign • Brand new steel and glass awning with chevron art decal • 3 phase, 400 amp, electrical service • Brand new life safety and sprinkler system • Seismically upgraded
Zoning
EAST HASTINGS DEOD
SRO Designation
17 of 19 units designated SRA’s with in-suite kitchens and washrooms
Legal Description Plan#: EPP26724, Lot: 1, Block: 8, District Lot: 196, Land District: 36.
PID
Residential • 19 newly renovated micro residential rental units • Newly renovated common corridors and key fob access • Common laundry facility on 3rd floor • Brand new appliance package in each of the units • New heritage-style operable windows • Excellent ceiling heights • Brand new HVAC units • Unit sizes ranging from approximately 239 sf to 369 sf
029-066-468
Property Taxes (2014) $ 28,179.04 (The Owner has been granted a Tax Rebate by the City of Vancouver. Please speak to the Listing Agent for further details.)
Projected Net Income $ 217,734.22
New Asking Price $ 4,690,000.00
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY PHOTO GALLERY
71-77 EAST HASTINGS
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va
EAST HASTINGS STREET
rb
ia
l
c
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY LOCAL AREA MAP
9
6
10
7
11
5 4
Carrall St
20
8
14
15
12
16
Columbia St
13
19
2 3
8. L’Abattoir 9. Peckinpah 10. Irish Heather 11. The Blarney Stone 12. Nicli Antica Pizzeria 13. Chill Winston 14. Brooklyn/Alexander
18
71-77 E Hastings St. 1
21
1. Sequel 138 Development 2. PiDGiN 3. LightForm 4. Bitter Tasting Room 5. Army & Navy 6. Save-On-Meats 7. Cork & Fin
17
15. Bambudda 16. CCCIII 17. CrossFit 604 18. InGastown Development 19. The Flying Pig Gastown 20. Woodward’s 21. International Village Mall
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY LOWER LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to confirmation.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY MAIN LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to confirmation.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY SECOND LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to remeasurment.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
71-77
n East Va rb
ia
l
c
EAST HASTINGS STREET
o
el c rc omme
FOR SALE - MIXED USE INVESTMENT OPPORTUNITY THIRD LEVEL FLOOR PLAN
71-77 EAST HASTINGS
*Floor plan may not be 100% accurate and is subject to remeasurment.
632 CITADEL PARADE, VANCOUVER, BC, V6B 1X3 T:604.609.0882 F:604.609.0886 www.corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
