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1670 PANDORA Street
Hastings Vancouver V5L 1L6

$4,297,000
Industrial, Land Commercial

Status:
Active
Prop. Type:
Industrial, Land Commercial
MLS® Num:
C8065897
Build. Type:
Manufacturing
Big discount below Jul 2024 BC Ppty Tax Assessed Value $5.645M. Starting price $80 per Buildable SQFT or $400 per SQFT of land. Existing old timer warehouse w/ 8,540 SF of leaseable area. Recently vacant w/ mkt rents of $20 per SF Net = 4% cap rate. Adjacent bldgs same owner 1642 & 1636 Pandora also on MLS, use 1642 Pandora together as side wall open pass thru w/ dbl fire rollup gate for addtl 8,221 SF space. Heavy Industrial redevelopment site, 2 blks North of E. Hastings at Commercial Dr., & 3 blks South of Port of Van. waterfront, in East Van. Site is 10,736 SQFT of land & 88 FT of frontage along Pandora St. First time to sales market in approx. 50 yrs. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (53,680 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74K SF flr area) & directly behind the newer 7 storey SmartStop Storage (90K SF). 2021 Phases 1 & 2 Environmental Analysis done.
Sale Type:
Asset
Construction:
Concrete Block
Building Type:
Manufacturing, Street-Level Storefront, Warehouse
Name of Complex/Subdivision:
# Bldgs:
1
# Other Units:
# Storeys:
1.0
Year built:
1901 (Age: 124)
Total Floor Area:
8,540 sq. ft.
Office Size:
1,420 sq. ft.
Wrhse Size:
7,120 sq. ft.
Lot Area:
10,736 sq. ft.
Lot Depth:
122
Lot Frontage:
88'
Land Use/Zoning:
M-2
Permitted Use:
Industrial, Office
Taxes:
$55,401.1 / 2024
Alarm System, Dock Loading, Handicap Access/Facil, Lunchroom, Paved Yard, Storefront, Visitor Parking, Washrooms Female/Male
# Docks:
3
# Grade Doors:
1
Ceiling Height:
11'7"
Services Connected:
Curb; Gutter, Electricity, Fully Serviced, Lane, Lane Paved, Natural Gas, Paved Streets, Telephone, Sewer - Storm, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Baseboard, Forced Air
Power Type:
Single Phase
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
Listed by Amex Broadway West Realty
Data was last updated January 22, 2025 at 04:35 AM (UTC)
ALEX REN
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