Space

1,000

Square Feet

About Unit D

Hope is the gateway town connecting Greater Vancouver to the British
Columbia interior and the rest of Canada. Located at the junction of the
Trans-Canada (HWY 1), Coquihalla (HWY 5), Hope-Princeton (Hwy 3),
and Lougheed Highway (Hwy 7), Hope is the last stop for gas and food
heading east, and first stop for food and gas heading west in and out of
Vancouver.
The subject site is located at a major intersection on the main service
road to the highway on and off ramps. This service road is critical as
it features the majority of the major quick service restaurants, fuel
suppliers and hotels.
The site is also part of a primary shopping area for the regional and local
trading areas. Nearby traffic drivers include the largest grocery store in
the trade area (Save-On-Foods), liquor store, restaurants, Fraser Canyon
Hospital, and the Hope District Rec Centre.
 With a strategic location at the gateway to the major highways, Hope is
home to many highway and forest service support jobs. Hope has also
become a popular outdoor recreation destination, and there is a growing
residential community that supports its local industries.
  • Est. Monthly Rent: Undisclosed
  • Size 1,000 SF
  • Type Retail
  • Gross Rent Undisclosed
  • Base Rent Undisclosed
  • Additional Rent Undisclosed
  • Lease Direct
  • Availability Now
  • Last Updated Feb 01, 2017
  • Verified On Apr 07, 2017
  • Source Sitings Realty
  • Flyer Download

About 588 Old Hope Princeton Way

This is an excellent opportunity to acquire the full interest in the land, building and business at the busiest high-exposure highway corner site in the market. In addition to a very profitable and well-maintained turn-key restaurant, the opportunity includes excess land with excellent development potential as box retail, strip retail or hotel/motel. 

The property comprises 2.5 acres over two lots on Old Hope Princeton Way. Hope is 1.5 hours east of Vancouver at the junction of Highways 1,3,5 and 7, and is only 45 minutes from the Abbotsford International Airport and the US border. The city is a popular stop for travellers in southern BC, and the low Canadian dollar is resulting in higher volumes of tourists in the area. Hope is also experiencing economic growth in its industrial and commercial sectors as developments push out of urban centres to the west. 

The restaurant is an old-fashioned 120-seat diner famous for home-cooked food and hospitality. Both the building and the equipment have been meticulously maintained and updated, and pride of ownership shows throughout the restaurant. This is an attractive business opportunity with excellent profit potential based on a long-term stable sales track record.
  • Property Type Land
  • Zoning C2
  • Total Available Space 0.11 ac
  • Direct Available Space 0.11 ac
  • Sublet Available Space 0.00 ac
  • Min Divisible 0.02 ac
  • Max Contiguous 0.05 ac
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