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Vacant-User

716 Johnson Street

713 Johnson St, Victoria, BC V8W 2G2

Listing Price: $2,600,000

Cap Rate
3.87%
Gross SF
8,972
Rentable SF
8,972
Price/Gross SF
$289.79
Lot Size
0.17 acres
Year Built
1931

Investment Overview

We are pleased to present the rare opportunity to acquire a central downtown Victoria commercial building located in a highly-desirable location within Victoria's densifying and evolving downtown city centre.

Investment Highlights

  • Well located two-storey commercial building with 60 feet of frontage on Johnson Street, 8,972 SF of rentable area comprised of 4,597 SF of ground floor and 4,375 SF second floor
  • Ground floor retail space is vacant and features store front glazing, ample ceiling heights and basic rectangular layout (~43' x `105')
  • Second floor is occupied by a short-term tenant on a gross lease, improved with studio space, washrooms, and private offices
  • Desirable Central Business District Zoning (CBD-1) permits for a variety of uses including: Assembly, brew pub, care facility, civic facility, financial services, food and beverage services, office, personal services, residential, retail trade and more
  • Value-add opportunity to increase rental income by reposition and re-tenant to market NNN leases
  • Nearby existing and future residential and commercial high-rise developments, all of which are further to the gentrification of the immediate neighbourhood

Exclusively Listed By

Vacant-User

716 Johnson Street

Listing Price: $2,600,000

Cap Rate
3.87%
Gross SF
8,972
Rentable SF
8,972
Price/Gross SF
$289.79
Lot Size
0.17 acres
Year Built
1931

Investment Highlights

  • Well located two-storey commercial building with 60 feet of frontage on Johnson Street, 8,972 SF of rentable area comprised of 4,597 SF of ground floor and 4,375 SF second floor
  • Ground floor retail space is vacant and features store front glazing, ample ceiling heights and basic rectangular layout (~43' x `105')
  • Second floor is occupied by a short-term tenant on a gross lease, improved with studio space, washrooms, and private offices
  • Desirable Central Business District Zoning (CBD-1) permits for a variety of uses including: Assembly, brew pub, care facility, civic facility, financial services, food and beverage services, office, personal services, residential, retail trade and more
  • Value-add opportunity to increase rental income by reposition and re-tenant to market NNN leases
  • Nearby existing and future residential and commercial high-rise developments, all of which are further to the gentrification of the immediate neighbourhood

Investment Overview

We are pleased to present the rare opportunity to acquire a central downtown Victoria commercial building located in a highly-desirable location within Victoria's densifying and evolving downtown city centre.

Exclusively Listed By

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