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Avison Young Commercial Real Estate (B.C.) Inc. is pleased to present this rare opportunity to acquire a high-exposure corner retail property on Commercial Drive. This offering is comprised of a two (2) storey building with ground level retail premises and a residential suite on the 2nd level. The building is entirely leased to a single tenant with a triple net lease expiring June 30th, 2014. The tenant’s lease has a “demolition/substantial renovation” clause, providing flexibility to investors looking to re-position the property.
The subject property was originally constructed in 1908 and was operated as the Main Grocery where its owner, Alexander Main, operated the store and also lived above until 1929. The store was then operated as Cape Sun Grocery until 1945, when it became its latest incarnation, the Florida Market. As a result, the property is currently designated in Evaluation Group B on the City of Vancouver’s Heritage Register.
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 Historical Photo
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| Zoning: | C-2C1 |
| Lot Size: | 3,696 sf (approximately) |
| Legal Description: | Lot 1, Except the East 8 Feet Now Lane, Block 37 District Lot 264A Plans 1099 and 1771 |
| PID: | 014-979-004 |
| Taxes: | $11,809.94 (2011) |
| Financing: | Treat as Clear Title |
| Property Type: | Retail |
| Leaseable Area: | 3,402 sf (approximately) |
AY Commercial Real Estate | Vancouver | Avison Young (Canada) Inc.
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