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. (id:4069)
Address
1636 PANDORA STREET
List Price
$4,487,000
Property Type
Industrial
Area
British Columbia
Sub-Area
Vancouver
Floor Area
7,257 Sq. Ft.
Lot Size
8052 Sq. Ft.
Year Built
1991
MLS® Number
C8065896
Listing Brokerage
Amex Broadway West Realty
Postal Code
V5L1L6
Zoning
M-2
Features
Disabled Access, Lane
Amenities
Street Lighting
