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1622 Pemberton Avenue
Norgate North Vancouver V7P 2S6

$4,900,000
Office, Retail

Main Photo: 1622 Pemberton Avenue in North Vancouver: Norgate Office for sale : MLS®# C8082602
Photo 1: 1622 Pemberton Avenue in North Vancouver: Norgate Office for sale : MLS®# C8082602
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Status:
Active
Prop. Type:
Office, Retail
MLS® Num:
C8082602
Avison Young is pleased to present 1622 Pemberton Avenue in North Vancouver, an exceptional opportunity to acquire a well maintained 4,160 sf commercial asset that sits on 7,920 sf of land in the vibrant Norgate/ Pemberton neighbourhood, immediately off the Marine Drive corridor. The building features a single storey commercial retail building, built in circa 1971 of concrete foundation, concrete block structure with single paned aluminium floor to ceiling curtain wall, with flat tar and gravel roof, front and rear parking for nine vehicles, offering functionality for owner-occupiers while also presenting strong holding income in place until June 2027, or further with a renewal. Future near term redevelopment upside for investors falls under the Commercial Mixed-Use Level 1 (CRMU1) future land use designation.
Sale Type:
Asset
Ownership:
Other
Property Type:
Office, Retail
Commercial Type:
Retail
Construction:
Concrete Block
Num Storeys:
1
Living Area:
4,160 sq. ft.
Class Of Space:
Class A
Lot Area:
0 sq. ft.
Zoning:
Potential to Redevelop:
Commercial Mixed-Use Level 1 (CRMU 1), No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Sewer:
Public Sewer
Env Assmt Comment:
2006
Parcel Number:
011418532
Taxes:
$33,277.98 / 2026
No
# Docks:
0
# Grade Doors:
0
# Loading Doors:
0
Water Rights:
No
Roof:
Potential to Redevelop:
Commercial Mixed-Use Level 1 (CRMU 1), No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by Avison Young Commercial Real Estate Services, LP
Data was last updated October 14, 2026 at 04:10 AM (UTC)
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