Presented by Robert J. Iio Personal Real Estate Corporation — Team 110 RE/MAX Real Estate (Kamloops).
A four-story low-rise mixed-use building in the Downtown Eastside offers 36 rooms and a single retail store. The lot spans 3,050 square feet, with a total usable space of 12,200 square feet plus an unfinished 3,000-square-foot basement. It generates a net operating income of about $312K annually, and there's also an option to lease, excluding the grocery shop, for $20K net per month.There's a possibility to rezone for a hotel and construct a 12-story building with 20% designated for rentals. Please confirm this with the City of Vancouver Planning Department. (id:61048)
| Business Type | Accommodation |
| Business Sub Type | Hotel/motel |
| MLS® Number | C8075182 |
| Property Type | Multi-family |
| Neigbourhood | Japantown |
| Communication Type | Internet Access |
| Constructed Date | 1910 |
| Fire Protection | Alarm System |
| Size Interior | 3,200 Ft2 |
| Acreage | No |
| Sewer | Storm Sewer |
| Size Irregular | 3050 |
| Size Total | 3050 Sqft |
| Size Total Text | 3050 Sqft |
| Zoning Description | Deod |
| Cable | Available |
| Water | At Lot Line |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/29261441/341-e-hastings-street-vancouver
Contact us for more information
Mason Oskoei
Personal Real Estate Corporation
(778) 379-5111