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Main Photo: 1622 PEMBERTON Avenue in North Vancouver: Norgate Retail for sale : MLS®# C8024351
Status:
Active
Prop. Type:
Retail, Office
MLS® Num:
C8024351
Build. Type:
Freestanding
Opportunity: Excellent Investment, Ideal for Owner-Occupiers, and Potential Redevelopment. 1622 Pemberton Avenue is a well positioned, rectangular shaped 7,920 sf site in a high exposure area on the East side of Pemberton Avenue and just slightly south of the Marine Drive Corridor. Area retail amenities include Cactus Club Cafe, Orange Theory, BMO, VanCity, TD, Save-On-Foods, Starbucks, and White Spot. The existing tenant Cloverdale Paint has occupied the building since 2006 and currently holds a lease until 2023, with no option to renew beyond this term. Cloverdale Paint is paying well below market rents. This is a great value maximization property. Please visit CBRE's website for the formal listing brochure.
Sale Type:
Asset
Property Type:
Retail, Office
Construction:
Other
Building Type:
Freestanding, Street-Level Storefront
Year built:
1971 (Age: 48)
Total Floor Area:
4,160 sq. ft.
Land Use/Zoning:
C-9
Taxes:
$26,471.74 / 2018
# Elevators:
0
Env Assmt Phase:
None
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Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
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  • Photo 1: 1622 PEMBERTON Avenue in North Vancouver: Norgate Retail for sale : MLS®# C8024351
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Listed by CBRE Limited
Data was last updated August 23, 2019 at 12:10 AM (UTC)
CHARLES ZHOU PERSONAL REAL ESTATE CORPORATION
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.