Modern & recent $350k renovation incl. new: windows, paint & carpets. Warehouse completely pressure washed, floor grinded & re-leveled w/ fresh concrete. Then passed COV safety inspections & issued new occupancy cert. 18 ft. ceiling. 7,257 SF of leaseable area. Recently vacant w/ mkt rents of $24 per SF Net = 3.9% cap rate. Adjacent bldgs same owner 1642 & 1670 Pandora also on MLS. Heavy Industrial redevelopment site. Site is 8,052 SQFT of land & 66 FT of frontage along Pandora St. First time to sales market since built in 1991. Present M2 zoning allows Floor Space Ratio to 5.0 times the site size (40,260 buildable SQFT) for allowed uses of manufacturing, wholesaling, transportation & storage. Site is directly across the 4 storey PS Public Storage (74k SF floor area) & directly behind the newer 7 storey SmartStop Storage (90k SF). 2021 Phases 1 & 2 Environmental Analysis done. Jul 2024 BC Property Tax Assessment: Land $4.323M + Bldg $10,200. Starting price $111 per Buildable SQFT or $557 per SQFT of land.

General Info:

Sale Type:: Asset

Construction:: Concrete Block

Building Type:: Marine, Street-Level Storefront, Warehouse

Name of Complex/Subdivision:: Signup

# Bldgs:: 1

# Other Units:: Signup

# Storeys:: 1.0

Year built:: 1991 (Age: 34)

Total Floor Area:: 7,257 sq. ft.674 m2

Office Size:: 1,307 sq. ft.121 m2

Mezzanine Size:: 1,249 sq. ft.116 m2

Wrhse Size:: 4,701 sq. ft.437 m2

Lot Area:: 8,052 sq. ft.748 m2

Lot Depth:: 122

Lot Frontage:: 66'20.1 m

Land Use/Zoning:: M-2

Permitted Use:: Industrial, Office

Taxes:: $44,430 / 2024

Other Details:

# Grade Doors:: 1

Ceiling Height:: 18'5.49 m

Services Connected:: Curb; Gutter, Electricity, Fully Serviced, Lane, Lane Paved, Natural Gas, Paved Streets, Telephone, Sewer - Storm, Street Lighting, Sidewalk