For Sale · Retail

706 E BROADWAY, Vancouver

706 E BROADWAY, Vancouver, BC V5T1X9

$1.9M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

83%

Year Built

2021

About this property

Positioned on the high-visibility corner of East Broadway and Fraser Street, this 3,163 sq ft strata unit (2,293 sq ft main floor plus 870 sq ft mezzanine) offers a rare opportunity to build a commercial space from the ground up in one of Vancouver's fastest-growing neighbourhoods. Mount Pleasant continues to densify around it, with the Broadway Plan bringing new residential and office towers to the corridor and the Commercial-Broadway SkyTrain station just minutes away - a Walk Score of 95 speaks to the day-to-day foot traffic this corner commands. Delivered in concrete shell condition, the unit is a blank canvas for a fitout tailored entirely to your business. C2-C zoning supports a broad range of uses, from retail and restaurant to fitness, daycare, professional office, and more. Four dedicated underground parking stalls, a separate elevator, and rear loading access add functionality that's hard to find on a corner retail unit. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.95M
Down payment30% · $585K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$91K

Annual cash flow

$-17K

Cash-on-cash

-2.83%

DSCR

0.85

Going-in cap

4.69%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

60,625

Households

26,318

Median income

$115,500

Median age

35.4

Daytime population

97,904

5-yr growth

9.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 706 E BROADWAY, Vancouver.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.