2947 GRANVILLE STREET
Vancouver, British Columbia
MLS® C8079808
$10,700,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C8079808
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1940
1 / 2Listing description
5. 1% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building.
Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027.
Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor.
Ideal holding property with future redevelopment potential.
Property summary
- MLS® number
- C8079808
- Property type
- Retail
- Square footage
- 12,956 sq ft
- Land size
- 6480 square feet
- Built in
- 1940
- Annual property taxes
- $119,436.00
- Days on market
- 67 days
Features & details
- Lot features
- Disabled Access, Lane
What would this home cost you?
Based on the $10,700,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of TRG Commercial Realty Ltd., Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.