By all definitions, prime, 786 Powell Street presents a rare opportunity to purchase a beautifully renovated income-producing property on a prominent 3,050 SF lot. Originally built in 1978 with cinderblock construction, the subject property was fully renovated in 2018 and consists of 4,682 SF of leasable area over two floors. Featuring floor-to-ceiling glass windows, private glass offices, and well-appointed fixtures, 786 Powell Street is an exemplary example of a turnkey asset that has been upgraded into the modern age.

The subject property features high ceilings with plenty of power via 3-phase 400 amps electrical, as well as security cameras and sprinklers throughout. The ground floor is outfitted with three offices, a reception area, two washrooms, and industrial space. Upstairs on the second level is equipped with ten offices, two washrooms, and a lounge/lunch area with a large kitchenette. Other major improvements include a new roof, a handicap-accessible lift as well as a 170 L hot water tank. The rear of the property features parking and loading with access from the lane.

Furthermore, flexible industrial zoning under the City of Vancouver’s M-2 zoning bylaw allows for a myriad of uses including office and retail uses (conditional) while providing for up to a 5.00 FSR or up to 15,250 buildable SF.

Whether you are a seasoned investor, an owner-occupier, or are looking to purchase your first commercial property, 786 Powell Street represents a rare opportunity to acquire a turnkey income-producing asset with long-term upside.