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2211 & 2213GRANVILLE
VANCOUVER, BC
TWO RARE PRIME DEVELOPMENT-READY SITES LOCATED ALONG SOUTH GRANVILLE, VANCOUVER BC
GRANVILLE STREET
WEST BROADWAY
GRANVILLE BRIDGE
BURRARD BRIDGE
GRANVILLEFUTURE SKYTRAIN STATION
DOWNTOWNVANCOUVER
2211 & 2213GRANVILLE
GRANVILLEISLAND
THE OFFERINGCBRE National Investment Team – Vancouver is pleased to present the opportunity to acquire 2211 & 2213 Granville Street (the “Properties”), two prominent sites centrally located in South Granville, one of the most desirable commercial neighbourhoods in Vancouver, with exceptional development potential. Situated on a combined 7,200 SF site, the Properties are currently improved with two low-rise single-tenant commercial buildings with ample parking at rear. The existing improvements are currently fully leased, which will provide secure holding income during the development approval process. The Properties are conveniently located just three minutes from downtown Vancouver and only steps away from the future rapid transit station and Granville Island.
CENTRALLY LOCATED IN SOUTH GRANVILLE COMMERCIAL STRIP
• The Properties are prominently located in the South Granville neighbourhood, one of Vancouver’s most popular and vibrant shopping districts located south of downtown Vancouver;
• The South Granville commercial strip which extends from West 5th Avenue to West 16th Avenue, features a mix of service, fashion, furniture & homeware, art and antique retailers and a variety of established restaurants that cater to both locals and visitors alike;
• The Properties are also in close proximity to Granville Island, one of Vancouver’s most visited tourist attractions and premier artistic and cultural hubs.
EASILY ACCESSIBLE• The Properties are only a three-minute drive from downtown
Vancouver with direct access via the Granville Street Bridge;
• The Sites are steps away from the UBC-Broadway Corridor, a dynamic and vibrant commercial corridor running from commercial Drive to UBC, which accommodates over 33,000 cars and 110,000 transit trips daily;
• The location is well serviced by three regional bus routes along Granville Street and the 99 B-Line Express bus along the Broadway Corridor, providing convenient access from downtown and all areas of Metro Vancouver.
STEPS AWAY FROM THE FUTURE MILLENNIUM LINE SKYTRAIN STATION
• The Properties are less than a five-minute walk from the future Millennium Line Broadway Station;
• The Millennium Line rapid transit extension that will extend the existing transit line from VCC-Clark to UBC has been identified as one of the top priorities in Vancouver’s Transportation 2040 plan and has recently received over $2.1 billion in funding from federal, provincial and municipal governments;
• Once completed, the project is expected to increase Broadway’s daytime population by 150,000.
2211 GRANVILLE
2213 GRANVILLE
EXISTING IMROVEMENTS
DEVELOPMENT READY
DIRECT ACCESS TO DOWNTOWN
2211 & 2213GRANVILLE
Granville Bridge
2211 & 2213GRANVILLE
GRANVILLEFUTURE SKYTRAIN STATION
GRANVILLE B
RIDGE
5-MI
N WA
LK
EXISTING ZONINGC-3A
DENSITY3.0x FSR
DEVELOPMENT POTENTIALUp to 21,600 SF
Leases for both improvements include demolition clauses, which provide favourable
development options for the future owner.
PROPERTY ADDRESSES2211 & 2213 Granville Street
Vancouver, B.C.
PIDS001-144-971015-220-966
TOTAL SITE AREA7,200 SF (0.165 Acres)
EXISTING ZONINGC-3A (3.0x FSR)
CURRENT IMPROVEMENTS2 low-rise single-tenant
retail buildings
PROPERTY ADDRESSES2211 & 2213 Granville Street
Vancouver, B.C.
COMBINED FRONTAGE~60 feet along Granville Street
YEAR BUILT1907 & 1975
NET OPERATING INCOME$149,523
FINANCINGAvailable Clear Title
ASKING PRICE$13,880,000
Granville Street
© 2017 CBRE, Inc. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
For More Information, Please Contact:
JIM SZABOPERSONAL REAL ESTATE CORPORATIONVice Chairman National Investment Team - Vancouver+1 604 662 [email protected]
TONY QUATTRINPERSONAL REAL ESTATE CORPORATIONVice Chairman National Investment Team - Vancouver+1 604 662 [email protected]
CARTER KERZNERSenior Sales Associate National Investment Team - Vancouver+1 778 372 [email protected]
