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402 W Pender Street

402 W Pender Street
For Sale  
Description

Nestled in the heart of downtown Vancouver at the prominent intersection of West Pender and Homer Street, 402 West Pender Street reflects the area’s rich history and architectural heritage. The building was originally known as The British Columbia Securities Building and within the context of other commercial buildings of similar age and scale, this building dominates its surroundings and is a landmark in the area. This award-winning 9-storey, plus lower level, heritage building is comprised of approximately 46,558 SF and is celebrated for its striking brick, stone, and glazed terra cotta façade, complemented by beautiful interior and exterior detailing.

402 West Pender Street features 9 levels above grade, including a mezzanine level. The lower level/basement houses the mechanical rooms and features secure private storage lockers and a large common bike room.

Nearly $4 million has been invested in capital improvements to enhance the building’s character and meet the demands of today’s dynamic work environment.

402 West Pender Street represents a rare opportunity to acquire a trophy asset in Downtown Vancouver, making it an exceptional investment prospect for investors, developers, and owner-users alike.

Features
• Nearly $4 million has been invested in capital improvements to enhance the building’s character and meet the demands of today’s dynamic work environment.
• Award-winning renovations: The lobby and hallways have undergone a meticulous restoration, earning accolades for their exceptional design and inviting ambiance.
• The building is equipped with two charming heritage style passenger elevators.
• The building accommodates a wide range of uses. As per the City of Vancouver*, the existing approved uses within the building include general office, beauty and wellness centers, healthcare offices, and retail.
• Enjoy stunning vistas of the city skyline, North Shore Mountains, and Burrard Inlet from various vantage points within the building.
• Flexible office layouts
• The building features high-speed fiber optic internet access, bike storage, steam heating, operable windows and much more, ensuring a comfortable and productive work environment.

*Approved occupancy with the City of Vancouver for Group D Occupancy: Office, Beauty & Wellness (Beauty Salon, Nail Salon, Tattoo Parlour), & Healthcare Office. For Group E Occupancy: Retail. Purchaser is responsible for obtaining all necessary municipal approvals and licenses for their occupancy.

 
Price Brochure
Please contact agent
Details
  • Address 402 W Pender Street
  • District Downtown Vancouver
  • Type Investment
  • Lot Size 6,240 SF
  • Building Size Rentable Area: 49,224 SF | Basic Rentable Area: 46,558 SF | Gross Area: 56,162 SF
  • Zoning DD (Comprehensive Development)
  • Year Built 1913
  • PID 012-169-561,012-169-595
  • Property Taxes $200,446 (2024)
  • Income $926,522.89 (Actual) | $1,149,118.50 (Projected)
Location Map   
Description

Nestled in the heart of downtown Vancouver at the prominent intersection of West Pender and Homer Street, 402 West Pender Street reflects the area’s rich history and architectural heritage. The building was originally known as The British Columbia Securities Building and within the context of other commercial buildings of similar age and scale, this building dominates its surroundings and is a landmark in the area. This award-winning 9-storey, plus lower level, heritage building is comprised of approximately 46,558 SF and is celebrated for its striking brick, stone, and glazed terra cotta façade, complemented by beautiful interior and exterior detailing.

402 West Pender Street features 9 levels above grade, including a mezzanine level. The lower level/basement houses the mechanical rooms and features secure private storage lockers and a large common bike room.

Nearly $4 million has been invested in capital improvements to enhance the building’s character and meet the demands of today’s dynamic work environment.

402 West Pender Street represents a rare opportunity to acquire a trophy asset in Downtown Vancouver, making it an exceptional investment prospect for investors, developers, and owner-users alike.

Features
• Nearly $4 million has been invested in capital improvements to enhance the building’s character and meet the demands of today’s dynamic work environment.
• Award-winning renovations: The lobby and hallways have undergone a meticulous restoration, earning accolades for their exceptional design and inviting ambiance.
• The building is equipped with two charming heritage style passenger elevators.
• The building accommodates a wide range of uses. As per the City of Vancouver*, the existing approved uses within the building include general office, beauty and wellness centers, healthcare offices, and retail.
• Enjoy stunning vistas of the city skyline, North Shore Mountains, and Burrard Inlet from various vantage points within the building.
• Flexible office layouts
• The building features high-speed fiber optic internet access, bike storage, steam heating, operable windows and much more, ensuring a comfortable and productive work environment.

*Approved occupancy with the City of Vancouver for Group D Occupancy: Office, Beauty & Wellness (Beauty Salon, Nail Salon, Tattoo Parlour), & Healthcare Office. For Group E Occupancy: Retail. Purchaser is responsible for obtaining all necessary municipal approvals and licenses for their occupancy.

 
  • Location 402 W Pender Street
  • Price
  • District Downtown Vancouver
  • Type Investment
  • Lot Size 6,240 SF
  • Building Size Rentable Area: 49,224 SF | Basic Rentable Area: 46,558 SF | Gross Area: 56,162 SF
  • Zoning DD (Comprehensive Development)
  • Year Built 1913
  • Legal Description LT 9, BLK 35, PL VAP210, DL 541, NWLD
  • PID 012-169-561,012-169-595
  • Property Taxes $200,446 (2024)
  • Income $926,522.89 (Actual) | $1,149,118.50 (Projected)
Features
Contact Info
Contact
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Agent
  • Name corbel
  • Phone
  • Mobile  
  • Email willow@corbelcommercial.com
  • Web Site  
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