A concrete building used as a dance hall has sold for $6.88 million, NAI Commercial tells Western Investor.
The 11,5360-square-foot building presents a unique investment potential, zoned for industrial use but offering the opportunity for office or retail use. The property was listed for $7.8 million and sold for close to one million below. The property was built in 1998 and last sold in February 2016 for $5,250,000 by NAI.
The property is located at 768 Marine Dr., Vancouver.
Breakdown:
Price: $6,886,000
Building Size: 11,536 SF
Property Type: Industrial
Zoning: I-2
2017 B.C. Assessment Value: $5,229,000
Date of Sale: 03/13/2018
City: Vancouver
Province: B.C.
Name of Brokerage: NAI Commercial
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