1622 Pemberton Avenue
North Vancouver, BC
FOR SALE
Property details
- Building size 4,160 sf
- Site size 7,920 sf (120’ deep x 66’ wide)
- Zoning C-9 Marine Drive Commercial
- OCP Future Land Use Commercial Mixed-Use Level 1 (CRMU 1)
- Floor space ratio 1.75
- Gross buildable area 13,860 buildable sf
- Net operating income $123,900
- Asking price $5,200,000
Opportunity
Avison Young is pleased to present 1622 Pemberton Avenue in North Vancouver, an exceptional opportunity to acquire a well maintained 4,160 sf commercial asset that sits on 7,920 sf of land in the vibrant Norgate/Pemberton neighbourhood, immediately off the Marine Drive corridor. The building features a single storey commercial retail building, built in circa 1971 of concrete foundation, concrete block structure with single paned aluminium floor to ceiling curtain wall, with flat tar and gravel roof, front and rear parking for nine vehicles, offering functionality for owner-occupiers while also presenting strong holding income in place until June 2027.
Future near term redevelopment upside for investors falls under the Commercial Mixed-Use Level 1 (CRMU1) future land use designation.
