52 Powell Street

52 Powell Street
For Sale  $10,000,000
Description

Corbel Commercial is pleased to present the opportunity to acquire a freestanding 4-storey, office and restaurant asset located in the heart of Gastown at 52 Powell Street. Steps from Maple Tree Square, at the gateway to Water Street, Vancouver’s eminent tourist and historic district.

The main level features a restaurant premise with a unique, split level concept, featuring approximately 4,156 SF of high visibility restaurant space, currently home to the iconic Rodney’s Oyster Bar. The unit has ample seating plus a private dining area, walk-in coolers, secured storage, a fully fixtured and commercially vented kitchen, with exceptional frontage and signage, with strong in-place rental income with escalations.

The upper three levels consist of unique open-concept full floor units, each complemented with exposed brick, original hardwood flooring, private washrooms with showers, dedicated kitchenettes, operable heritage windows and distributed HVAC throughout.

Recent renovations include a newly replaced torch-on roof, brand new exterior side cladding (completed in 2020), and newly redone common area stairwells.

This character asset offers both a partial owner occupier opportunity for an office user seeking ancillary rental income or is an ideal investment with value add opportunity.

 
Price Brochure
$10,000,000
Details
  • Address 52 Powell St.
  • Price $10,000,000
  • District Gastown
  • Type Investment
  • Lot Size 2,078.25 SF
  • Building Size 10,284 SF (approx.)
  • Zoning HA-2 (Gastown Historic Area)
  • Year Built 1909
  • PID 008-666-644
  • Property Taxes $70,196.80 (2021)
Location Map   
Description

Corbel Commercial is pleased to present the opportunity to acquire a freestanding 4-storey, office and restaurant asset located in the heart of Gastown at 52 Powell Street. Steps from Maple Tree Square, at the gateway to Water Street, Vancouver’s eminent tourist and historic district.

The main level features a restaurant premise with a unique, split level concept, featuring approximately 4,156 SF of high visibility restaurant space, currently home to the iconic Rodney’s Oyster Bar. The unit has ample seating plus a private dining area, walk-in coolers, secured storage, a fully fixtured and commercially vented kitchen, with exceptional frontage and signage, with strong in-place rental income with escalations.

The upper three levels consist of unique open-concept full floor units, each complemented with exposed brick, original hardwood flooring, private washrooms with showers, dedicated kitchenettes, operable heritage windows and distributed HVAC throughout.

Recent renovations include a newly replaced torch-on roof, brand new exterior side cladding (completed in 2020), and newly redone common area stairwells.

This character asset offers both a partial owner occupier opportunity for an office user seeking ancillary rental income or is an ideal investment with value add opportunity.

 
  • Location 52 Powell St.
  • Price $10,000,000
  • District Gastown
  • Type Investment
  • Lot Size 2,078.25 SF
  • Building Size 10,284 SF (approx.)
  • Zoning HA-2 (Gastown Historic Area)
  • Year Built 1909
  • Legal Description LT 5 BLK 7 PL VAP184 DL 196 GP 1 NWD
  • PID 008-666-644
  • Property Taxes $70,196.80 (2021)
Features
Contact Info
Contact
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Agent
  • Name corbel
  • Phone
  • Mobile  
  • Email willow@corbelcommercial.com
  • Web Site  
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