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  • 541 East Hastings Street, Vancouver, BC
  • 541 East Hastings Street, Vancouver, BC
  • 541 East Hastings Street, Vancouver, BC

3,050 ft²
Retail / Land / Multifamily
$1,598,000
Sale


Jonathan Gee
Jonathan Gee
Paradigm Group Commercial Real Estate Services

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Great investment opportunity! - Located in Vancouver’s Historic Japantown neighbourhood. - Immediate proximity to Downtown Vancouver, Chinatown and Railtown. - Share the neighbourhood with trendy restaurants such as Cuchillo, Dosanko, and Mackenzie Room.


The Property
Asking Price$1,598,000
Available Space3,050 ft²
Property UseInvestment property / Vacant or owner user
ZoningDEOD
Frontage25'0"
SourceDirect

The Lot

Originally constructed in 1927 and nestled mid-block on East Hastings Street between Jackson Ave and Princess Ave, 541 E Hastings Street presents a rare opportunity to purchase a commercial property that is ready to be renovated. Previously operated as a restaurant, the subject property consists of approximately 2,500 SF and is outfitted with a spacious seating area, bar, and large kitchen. Featuring high 8.5 foot ceilings and plenty of power via the singular phase 200-amp circuit, 541 E Hastings Street offers a strong foundation to be the next trending restaurant or could potentially be utilized as a commissary kitchen. Furthermore, the subject property offers substantial development potential under the DEOD Sub-Area 1 zoning bylaw, allowing up to a maximum development of up to 5.0 floor space ratio (FSR). Whether a seasoned investor or commercial business operator, the subject property offers a rare opportunity to revitalize a property with vacant possession or explore development options with the City of Vancouver.

Property TypeRetail / Land / Multifamily
Lot Size3,050 ft²
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Jonathan Gee
Jonathan Gee
Paradigm Group Commercial Real Estate Services
Contact
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