A corner retail property in the Hastings-Sunrise neighbourhood has sold for $1.65 million, William Wright Commercial tells Western Investor.
An international AAA tenant, Money Mart, as well as local, long-standing restaurant, Felicia’s, lease the standalone building. The property offers redevelopment potential under a rezoning application or future land assembly. The building was built in 1934 and measures 2,200 square feet. The property sold for slightly under its assessed value of $1.88 million.
The property is located at 2492 E Hastings St., Vancouver.
Breakdown:
Price: $1,650,000
No. of Units: 2
Property Size: 2,200 SF
Property Type: Retail
Zoning: C-2C
2016 B.C. Assessment Value: $1,884,300
Date of Sale: 09/27/2017
City: Vancouver
Province: B.C.
Name of Brokerage: William Wright Commercial
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