3,050 ft²Retail / Land / Multifamily$1,598,000Sale
Great investment opportunity! - Located in Vancouver’s Historic Japantown neighbourhood. - Immediate proximity to Downtown Vancouver, Chinatown and Railtown. - Share the neighbourhood with trendy restaurants such as Cuchillo, Dosanko, and Mackenzie Room.
Originally constructed in 1927 and nestled mid-block on East Hastings Street between Jackson Ave and Princess Ave, 541 E Hastings Street presents a rare opportunity to purchase a commercial property that is ready to be renovated. Previously operated as a restaurant, the subject property consists of approximately 2,500 SF and is outfitted with a spacious seating area, bar, and large kitchen. Featuring high 8.5 foot ceilings and plenty of power via the singular phase 200-amp circuit, 541 E Hastings Street offers a strong foundation to be the next trending restaurant or could potentially be utilized as a commissary kitchen. Furthermore, the subject property offers substantial development potential under the DEOD Sub-Area 1 zoning bylaw, allowing up to a maximum development of up to 5.0 floor space ratio (FSR). Whether a seasoned investor or commercial business operator, the subject property offers a rare opportunity to revitalize a property with vacant possession or explore development options with the City of Vancouver.