Mount Pleasant development site sold for $18.5M

The industrial site sold for $9 million above its assessed value

for Western Investor
August 7, 2018

3rd ave
A Mount Pleasant development site has sold for $18.5 million, Macdonald Commercial Real Estate reports. 
The corner lot in the heart of Mount Pleasant’s industrial area offers a gross buildable area of 54,462 square feet on an 18,154-square-foot site. It is minutes away from downtown Vancouver via Cambie Street Bridge and 20 minutes from Vancouver International Airport. The property is improved with a concrete block warehouse building of approximately 8,500 square feet. The building is currently occupied to a flooring company. The building has over 20 feet ceiling height and has both dock and grade loading. 
The property is located at 234 3rd Ave., Vancouver. 


Price: $18,520,000
Lot Size: 18,154 SF
Property Type: Land 
Zoning: I-1
2017 B.C. Assessment Value: $9,570,600
City: Vancouver
Province: B.C. 
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd. 

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Stuart specializes in commercial investment sales and has sale experience in the United Kingdom, Australia, and Canada.

Macdonald Commercial Real Estate Services Ltd.
1827 West 5th Avenue
Vancouver, BC V6J 1P5
Office: 604-736-5611

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