West 4th Avenue
Price reduced
2066
West 4th Avenue vancouver, BC
Partnership. Performance.
Opportunity High-profile West 4th Avenue retail investment property with redevelopment potential
James Shandro, Senior Associate 604.647.5073 [email protected]
Mike Hodge, Associate 604.646.8389 [email protected]
2066
West 4th Avenue vancouver, BC
Executive Summary Municipal Address
2066 West 4th Avenue, Vancouver, BC
Parcel Identifier 015-246-540
Legal Description
Lot 8, Block 245, District Lot 526, Plan 590
Site Area 2,575 sf
Building Area 3,000 sf
Frontage
25 feet along West 4th Avenue
Parking
Four stalls
Zoning
Opportunity Avison Young Commercial Real Estate (B.C.) is pleased to present this rare opportunity to acquire a two-storey retail property on West 4th Avenue, in the heart of Kitsilano. The property is located at the centre of one of Vancouver’s top shopping and eating destinations, benefiting from exposure to international and national retailers such as Lululemon and Arc’teryx. Due to a strong leasing environment throughout 2013 along West 4th Avenue, developers such as Headwater Projects and Bonnis Properties have purchased and/or begun mixed use developments at West 4th Avenue. CIBC is slated to anchor Headwater’s new development at 2090 West 4th Avenue.
Location The property is located on the south side of West 4th Avenue, east of Arbutus Street and West of Maple Street. In addition to the variety of retailers and restaurants on West 4th Avenue, the immediate area has seen recent mixed-use development activity. Most recently, The Vermeer development was completed in 2013 by Thomas Properties, and Headwater Projects’ development is scheduled for completion in 2014. Highlights of the location include: -- Prominent location along West 4th Avenue with exceptional exposure -- Major planned or existing mixed-use projects by Headweater Projects, Bonnis Properties, Thomas Properties and Westbank Development -- Recent retailers joining West 4th Avenue such as Arc’teryx, Clearly Contacts and CIBC
C-2B commercial
Property
Property Taxes
The subject property is comprised of two storeys that are both 1,500 sf in size. Spank Clothing currently occupies the entire building on a month-tomonth basis and the vendor is able to offer vacant possession upon request. In addition, both floors offer high ceilings with an abundance of natural light, as well as direct access from both floors to parking at the rear of the building.
$26,094.05 (2013)
Financing
Treat as clear title
Price
$3,298,000
Recent upgrades to the building include: -- Roof replacement -- Air conditioning -- Hot water tank replacement
Development Potential
Subject Property 2066 West 4th Avenue
W
es 100 t4 ' th Av 75' en ue
Ar
us bu t
Str
ee t
Demographics 2013 estimates and projections
Investment Highlights 1 km
3 km
5 km
Population
28,945
191,208
325,712
2016 population
29,710
196,556
334,555
Total daytime population
33,104
258,082
469,555
37.1
37.3
38.3
Avg. household income
$80,985
$89,140
$96,256
2016 avg. household income
$88,400
$99,570
$108,692
Median age
The property is zoned C-2B Commercial which allows for a variety of retail uses as well as multi-residential up to a maximum height of 50 ft. By assembling two (2) neighbouring properties, a development site of 19,437 sf with 75 ft of frontage could be achieved. By assembling the properties to the east, a development site of 26,000 sf with 100 ft of frontage could be achieved.
-- Rare opportunity to acquire a retail property along West 4th Avenue in Kitsilano -- Suitable for owner-users and investors -- Re-development potential, with the ability to build up to 50 feet in height under the current C2-B zoning -- Clear title allows for prospective purchasers to capitalize on historically low interest rates
le M ap
Stre
et
W 2035 West 4th Ave. The Vermeer by Thomas Properties, Completed Fall 2013, 13 condominiums, 6,000 sf retail
es
t4
Subject Property 2066 West 4th Avenue th
Av e
nu
e
2101 West 4th Ave. Re-development site currently home to Midas, site sold in late 2013 to a private, local Vancouver developer
Ar b
sS utu
tre
et
2090 West 4th Ave. Headwater Projects, Estimated Completion Q1, 2014, 3,800 sf office space
2113 West 4th Ave.
ROBSON GASTOWN
James Shandro, Senior Associate 604.647.5073 [email protected] GR
AN
VI
LL
E
ST
.
WEST END
HO
M
ER
ST .
Mike Hodge, Associate 604.646.8389 [email protected] YALETOWN
Subject Property 2066 West 4th Avenue
BROADWAY
avisonyoung.com BROADWAY
CAMBIE ST.
Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada
BROADWAY
© 2014 Avison Young (Canada) Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (BC) Inc.
C
2066
West 4th Avenue vancouver, BC
Partnership. Performance.
Opportunity High-profile West 4th Avenue retail investment property with redevelopment potential
James Shandro, Senior Associate 604.647.5073 [email protected]
Mike Hodge, Associate 604.646.8389 [email protected]
2066
West 4th Avenue vancouver, BC
Executive Summary Municipal Address
2066 West 4th Avenue, Vancouver, BC
Parcel Identifier 015-246-540
Legal Description
Lot 8, Block 245, District Lot 526, Plan 590
Site Area 2,575 sf
Building Area 3,000 sf
Frontage
25 feet along West 4th Avenue
Parking
Four stalls
Zoning
Opportunity Avison Young Commercial Real Estate (B.C.) is pleased to present this rare opportunity to acquire a two-storey retail property on West 4th Avenue, in the heart of Kitsilano. The property is located at the centre of one of Vancouver’s top shopping and eating destinations, benefiting from exposure to international and national retailers such as Lululemon and Arc’teryx. Due to a strong leasing environment throughout 2013 along West 4th Avenue, developers such as Headwater Projects and Bonnis Properties have purchased and/or begun mixed use developments at West 4th Avenue. CIBC is slated to anchor Headwater’s new development at 2090 West 4th Avenue.
Location The property is located on the south side of West 4th Avenue, east of Arbutus Street and West of Maple Street. In addition to the variety of retailers and restaurants on West 4th Avenue, the immediate area has seen recent mixed-use development activity. Most recently, The Vermeer development was completed in 2013 by Thomas Properties, and Headwater Projects’ development is scheduled for completion in 2014. Highlights of the location include: -- Prominent location along West 4th Avenue with exceptional exposure -- Major planned or existing mixed-use projects by Headweater Projects, Bonnis Properties, Thomas Properties and Westbank Development -- Recent retailers joining West 4th Avenue such as Arc’teryx, Clearly Contacts and CIBC
C-2B commercial
Property
Property Taxes
The subject property is comprised of two storeys that are both 1,500 sf in size. Spank Clothing currently occupies the entire building on a month-tomonth basis and the vendor is able to offer vacant possession upon request. In addition, both floors offer high ceilings with an abundance of natural light, as well as direct access from both floors to parking at the rear of the building.
$26,094.05 (2013)
Financing
Treat as clear title
Price
$3,298,000
Recent upgrades to the building include: -- Roof replacement -- Air conditioning -- Hot water tank replacement
Development Potential
Subject Property 2066 West 4th Avenue
W
es 100 t4 ' th Av 75' en ue
Ar
us bu t
Str
ee t
Demographics 2013 estimates and projections
Investment Highlights 1 km
3 km
5 km
Population
28,945
191,208
325,712
2016 population
29,710
196,556
334,555
Total daytime population
33,104
258,082
469,555
37.1
37.3
38.3
Avg. household income
$80,985
$89,140
$96,256
2016 avg. household income
$88,400
$99,570
$108,692
Median age
The property is zoned C-2B Commercial which allows for a variety of retail uses as well as multi-residential up to a maximum height of 50 ft. By assembling two (2) neighbouring properties, a development site of 19,437 sf with 75 ft of frontage could be achieved. By assembling the properties to the east, a development site of 26,000 sf with 100 ft of frontage could be achieved.
-- Rare opportunity to acquire a retail property along West 4th Avenue in Kitsilano -- Suitable for owner-users and investors -- Re-development potential, with the ability to build up to 50 feet in height under the current C2-B zoning -- Clear title allows for prospective purchasers to capitalize on historically low interest rates
le M ap
Stre
et
W 2035 West 4th Ave. The Vermeer by Thomas Properties, Completed Fall 2013, 13 condominiums, 6,000 sf retail
es
t4
Subject Property 2066 West 4th Avenue th
Av e
nu
e
2101 West 4th Ave. Re-development site currently home to Midas, site sold in late 2013 to a private, local Vancouver developer
Ar b
sS utu
tre
et
2090 West 4th Ave. Headwater Projects, Estimated Completion Q1, 2014, 3,800 sf office space
2113 West 4th Ave.
ROBSON GASTOWN
James Shandro, Senior Associate 604.647.5073 [email protected] GR
AN
VI
LL
E
ST
.
WEST END
HO
M
ER
ST .
Mike Hodge, Associate 604.646.8389 [email protected] YALETOWN
Subject Property 2066 West 4th Avenue
BROADWAY
avisonyoung.com BROADWAY
CAMBIE ST.
Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada
BROADWAY
© 2014 Avison Young (Canada) Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (BC) Inc.
C
