1622 Pemberton Avenue

Investment Overview

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.

Future near term redevelopment upside for investors falls under the Commercial Mixed-Use Level 1 (CRMU1) future land use designation.

Investment Highlights

• Currently tenanted to a single tenant, offering holding income
• Owner-User opportunity in June 2027
• Concrete block structure with concrete foundation
• Front and rear parking for nine (9) vehicles
• Located mid block allowing for potential to be part of a land assembly
• Lane access at rear to support loading and parking
• Flexible zoning offers a variety of potential uses, to accommodate mixed-use developments with emphasis on commercial, residential and complimentary uses