Commercial Property Commercial Sale, For Sale

3010 Lonsdale Avenue North Vancouver

Summary

CIVIC ADDRESS 3010 Lonsdale Avenue
North Vancouver, BC
SITE SIZE 41,610 SF (approx.)
RENTABLE AREA 12,882 SF
CURRENT ZONING C2, General Commercial Zone 2
CURRENT DENSITY Up to  1.75 FSF
OCP DESIGNATION Commercial Residential Mixed Use Level 1
CURRENT TENANTS 100% Leased - Queensdale Market, Westland Insurance and Queensdale Cleaners
ASSESSMENT VALUE $18,545,600
NET HOLDING INCOME $288,600
LIST PRICE Contact Agent

The Opportunity

To acquire a highly visible and easily accessible 12,882 sf +/- grocery anchored retail plaza, strategically positioned on a large 41,610 sf +/- lot with approximately 145 ft of frontage onto Lonsdale Avenue.

3010 Lonsdale Ave is a 12,882 sf grocery anchored retail plaza located on Upper Lonsdale Ave, one of North Vancouver’s most prominent retail commercial corridors. The subject property is also located within a very affluent residential neighborhood, just steps to public transportation, Grouse Mountain, and 4 blocks from Highway 1, providing excellent connectivity to Lower Lonsdale and the SeaBus to Downtown Vancouver.

This offering provides an exceptional opportunity for holding income with an inherent underlying opportunity for future re-development with 4-6 years.

Investment Highlights

  1. Highly visible and easily accessible 12,882 sf +/- grocery anchored retail plaza, strategically positioned on a large 41,610 sf +/- lot with approximately 145 ft of frontage onto Lonsdale Avenue.
  2. Currently,100% leased to 3 tenants: an established grocery retailer which has been established in the community and a long-term tenant for many years, the Westland Insurance Group, and Queensdale Dry Cleaners who are well known and trust business providers for the neighborhood.
  3. All tenants have signed to reasonable terms with flexibility, allowing for renewals or redevelopment in the near term.
  4. The plaza is well located in Upper Lonsdale with a bus stop directly across the street,providing quick and easy transportation to and from Lonsdale Quay Market and the SeaBus which quickly connects to Waterfront Station in Downtown Vancouver just 12 minutes.
  5. The property provides ample surface level parking making it a convenient and efficient shopping experience for customers of the tenants.
  6. The property is identified within the District of North Vancouver’s OCP, providing the basis for future development.

LOCATION MAP

Property Photos

Address:
3010 Lonsdale Avenue, North Vancouver, BC