18
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$4,297,000
Est. payment /mo
0.25 Acres Lot
Active
1670 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 C8065897
Year Built 1901
Lot Size 10,890 Sqft
Property Sub-Type Industrial
Property Description
Big discount below Jul 2024 BC Ppty Tax Assessed Value $5.645M. Starting price $80 per Buildable SQFT or $400 per SQFT of land. Existing old timer warehouse w/ 8,540 SF of leaseable area. Recently vacant w/ mkt rents of $20 per SF Net = 4% cap rate. Adjacent bldgs same owner 1642 & 1636 Pandora also on MLS, use 1642 Pandora together as side wall open pass thru w/ dbl fire rollup gate for addtl 8,221 SF space. Heavy Industrial redevelopment site, 2 blks North of E. Hastings at Commercial Dr., & 3 blks South of Port of Van. waterfront, in East Van. Site is 10,736 SQFT of land & 88 FT of frontage along Pandora St. First time to sales market in approx. 50 yrs. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (53,680 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74K SF flr area) & directly behind the newer 7 storey SmartStop Storage (90K SF). 2021 Phases 1 & 2 Environmental Analysis done.
Location
Province BC
Community Hastings
Area Vancouver East
Zoning M-2
Interior
Heating Baseboard, Forced Air
Cooling Forced Air
Exterior
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 7
Building
Story 1
Sewer Public Sewer, Storm Sewer
Water Public
Others
Ownership Freehold
Security Features Security System
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