5.1% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building. Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027. Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor. Ideal holding property with future redevelopment potential.

General Info:

Sale Type:: Asset

Sublease:: Yes

Ownership:: Freehold

Property Type:: Land Commercial, Retail

Commercial Type:: Retail

Construction:: Frame Wood

Building Type:: Freestanding, Street-Level Storefront

Year built:: 1940 (Age: 86)

Living Area:: 12,956 sq. ft.1,204 m2

Subject Property Depth:: 120'36.6 m

Subject Property Width:: 54'16.5 m

Subject Space Depth:: 120'36.6 m

Subject Space Width:: 54'16.5 m

Contiguous Spc:: 12,956 sq. ft.1,204 m2

Retail Size:: 6,478 sq. ft.602 m2

Wrhse Size:: 6,478 sq. ft.602 m2

Minimum Divisible Area:: 12,956 sq. ft.1,204 m2

Lot Area:: 6,534 sq. ft.607 m2

Zoning:: Signup

Potential to Redevelop:: No, n/a

Fencing:: Signup

# Of Parking Spaces - Total:: Signup

Road Frontage:: Signup

Road Surface:: Paved

Heating:: Signup

Cooling:: Air Conditioning, HVAC System

Electricity:: Yes

Services Connected:: Curb/Gutter, Electricity Connected, Natural Gas Connected, Phone Connected, Street Lighting, Sidewalk

Sewer:: Public Sewer

Parcel Number:: 014175215

Taxes:: $119,436 / 2025

New MLS Listings – Commercial Real Estate for Sale in Vancouver

2947 Granville Street
Fairview VW Vancouver V6H 3J6

$10,700,000
Land Commercial, Retail

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