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Site near planned SkyTrain station sells over assessment

A 4,392-square-foot retail building on a 6,250-square-foot West Broadway lot near the future Arbutus transit station in Vancouver sold for $8.5 million.
Western Investor Staff
NAI Commercial
Rick Lui of NAI Commercial for Western Investor

Type of property: Retail

Address: 1946 West Broadway, Vancouver, BC

Building Size: 4,392 SF

Land size: 6,250 square feet

Zoning: C-3A  (Commercial District)

BC Assessment Value: $7.98 million
Sale Price: $8.5 million

Date of Sale: April 24, 2020

Brokerage: NAI Commercial, Vancouver

Broker: Rick Lui