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High exposure Main Street development site sold for $22M

The 17,424-square-foot site is spread out over three adjacent lots at Main Street and 6th Avenue
main street
 
Three adjacent lots in East Vancouver have sold for $22 million, NAI Commercial tells Western Investor
 
The high exposure site currently houses office and industrial buildings to a total of 14 units. The buildings include 15,500 SF of leasable area, situated over 17,424 square feet of land. The redevelopment site has a potential FSR of 3.0. The sale was completed July 18, 2017 and was brokered by NAI Commercial’s Rick Lui and Jesse Godin. 
 
The properties are located at 2216 Main St., 2218 Main St. and 206 E 6th Ave., Vancouver. 
 

Breakdown: 

 
Price: $22,000,000
No. of Units: 14  
Price/Unit: $1,571,428
Lot Size: 17,424 SF
Property Type: Office/Industrial/Land 
Zoning: IC-2 
FSR: 3.0 
Date of Sale: 07/18/2017
City: Vancouver
Province: B.C. 
Name of Brokerage: NAI Commercial 
 

 

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