6,311 ft²Office$6,800,000Sale
6,311 ft²
Office
$6,800,000
Sale
Kevin Douglas
Jones Lang Lasalle Real Estate Services, Inc.
Located in the highly sought-after Arbutus Ridge neighbourhood on Vancouver's west side, 3066 Arbutus Street encompasses an attractive retail/office owner-user opportunity with future development upside and prime Arbutus Street frontage. The Property consists of 6,311 sf of building area over 2 storeys on a 6,938 sf parcel of land. Dual frontage onto both Arbutus Street (125 feet) and the Arbutus Greenway (125 feet) allows for excellent site accessibility and the opportunity to activate the frontage with retail through development. The Property is currently 100.0% leased with lease expirations of June 2025 (2nd floor) and November 2027 (1st floor) allowing for a phased owner-user occupancy. Current zoning is C-2 Commercial allowing for 3.50x FSR of mixed-use rental up to 6 storeys or 2.50x of mixed-use strata development up to 4 storeys with no rezoning required.
The Space
Asking Price$6,800,000
Available Space6,311 ft²
MLS® IDC8065652
SourceGreater Vancouver REALTORS®
The Building
Located in the highly sought-after Arbutus Ridge neighbourhood on Vancouver's west side, 3066 Arbutus Street encompasses an attractive retail/office owner-user opportunity with future development upside and prime Arbutus Street frontage. The Property consists of 6,311 sf of building area over 2 storeys on a 6,938 sf parcel of land. Dual frontage onto both Arbutus Street (125 feet) and the Arbutus Greenway (125 feet) allows for excellent site accessibility and the opportunity to activate the frontage with retail through development. The Property is currently 100.0% leased with lease expirations of June 2025 (2nd floor) and November 2027 (1st floor) allowing for a phased owner-user occupancy. Current zoning is C-2 Commercial allowing for 3.50x FSR of mixed-use rental up to 6 storeys or 2.50x of mixed-use strata development up to 4 storeys with no rezoning required.
Property TypeOffice
Lot Size6,938 ft²
ZoningC-2
Year Built1978
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Up to $500K for British Columbia businesses
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