Commercial Drive industrial property sold for $4.9M
The site was listed for $5.9 million and has an assessed value of $4.4 million
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An industrial property in the Kensington Cedar Cottage neighbourhood in Vancouver has sold for $4.9 million, William Wright Commercial reports.
The 8,265-square-foot building is located within walking distance from Trout Lake and blocks away from Victoria Drive. The site is 8,008 square feet and the building was constructed in 1992. The site provides an opportunity for an owner / user to acquire a well-maintained, centrally located property with redevelopment potential.
The property is located at 3586 Commercial Dr., Vancouver.
Lot Size: 8,008 SF
Property Type: Industrial
2018 B.C. Assessment Value: $4,490,100
Name of Brokerage: William Wright Commercial
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