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Available for sale is a prime development opportunity with holding income located at 1172-1180 East Hastings Street. The subject site is located near the corner of Vernon Drive and East Hastings Street, in the rapidly densifying neighbourhood of Strathcona. There are several sites in the immediate area which have been purchased by developers over the last 5 years, which places the subject site in a strategic position. Hastings East - Downtown Eastside (DTES) Plan supports the area as a mixed use urban village by recommending increased density, along East Hastings between Campbell Avenue and Clark Drive, of 2.5 - 6.0 FSR and height restrictions of approximately 45 - 120 feet. The subject site is located in close proximity to several public transit routes, Chinatown, Gastown, Railtown and Commercial Drive. A few notable businesses in the neighbourhood include Wilder Snail, Ask For Luigi, Finch's, Liquids + Solids, Vancouver Urban Winery and Railtown Café. In addition, the subject site is in very close proximity to the Strathcona Village development on the 900 block of East Hastings Street. Existing improvements: - 1172 East Hastings Street is currently vacant. - 1180 East Hastings Street is currently improved with a two storey commercial building.