19
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$4,487,000
Est. payment /mo
7,840 Sqft Lot
Active
1636 Pandora ST Vancouver, BC V5L 1L6
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type Asset
MLS Listing ID C8065896
Year Built 1991
Lot Size 7,840 Sqft
Property Sub-Type Industrial
Property Description
Modern & recent $350k renovation incl. new: windows, paint & carpets. Warehouse completely pressure washed, floor grinded & re-leveled w/ fresh concrete. Then passed COV safety inspections & issued new occupancy cert. 18 ft. ceiling. 7,257 SF of leaseable area. Recently vacant w/ mkt rents of $24 per SF Net = 3.9% cap rate. Adjacent bldgs same owner 1642 & 1670 Pandora also on MLS. Heavy Industrial redevelopment site. Site is 8,052 SQFT of land & 66 FT of frontage along Pandora St. First time to sales market since built in 1991. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (40,260 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74k SF floor area) & directly behind the newer 7 storey SmartStop Storage (90k SF). 2021 Phases 1 & 2 Environmental Analysis done. Jul 2024 BC Property Tax Assessment: Land $4.323M + Bldg $10,200. Starting price $111 per Buildable SQFT or $557 per SQFT of land.
Location
Province BC
Community Hastings
Area Vancouver East
Zoning M-2
Interior
Heating Baseboard, Forced Air
Cooling Forced Air
Exterior
Fence Fenced
Utilities Available Curb/Gutter, Electricity Connected, Fully Serviced, Natural Gas Connected, Phone Connected, Street Lighting, Sidewalk
Street Surface Paved
Accessibility Handicap Access/Facil
Total Parking Spaces 6
Building
Story 1
Sewer Public Sewer, Storm Sewer
Water Public
Others
Ownership Freehold
Security Features Security System
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