604-307-1813
1199 W Pender St, Vancouver, BC for Sale
Office - FOR SALE
1/4
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1199 W Pender St
Vancouver, BC V6E 2R1
Downtown Vancouver


HIGHLIGHTS

  • Hotel & Residential Development Now Permitted
  • Potential owner-user ability to occupy 30,000 SF
  • Stable holding income

OVERVIEW

This 15,821 square foot site offers a combination of stable existing income and significant future development potential. The existing nine-storey building features fully leased ground floor retail spaces anchored by AAA tenants and eight floors of office spaces, totaling approximately 75,000 net leasable square feet. This desirable building presents stable income with potential redevelopment when desired. Benefiting from the recently approved Hotel Redevelopment Policy, the site offers the potential for a mixed-use hotel and residential development with potential for significant density increases, while existing tenants provide stable holding income during rezoning. Strategically located on a prominent corner lot in the Financial District, with frontage along West Pender, Bute, and West Hastings along the Sea-to-Sky highway corridor. The Site benefits from exceptional walkability and proximity to countless premier amenities including the Seawall, Stanley Park, Convention Centre, luxury hotel and residences, shopping, and restaurants. Seamless accessibility with direct access to numerous transit lines and the Burrard Street SkyTrain Station, and major arterial roads.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Uniglobe Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

9

BUILDING CLASS

B

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

DD

APN/PARCEL ID

012-637-581

ASK ABOUT THIS PROPERTY

604-307-1813

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604-307-1813

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