Overview
Rare opportunity to purchase a retail building located in the heart of the vibrant downtown of Squamish, on Second Avenue between Winnipeg Street and Pemberton Avenue. Downtown Squamish boasts a lively mix of tourist attractionsand a diverse array of local and national retailers, including trendy restaurants, food markets, bike stores, fashionable boutiques, and gift shops. The downtown area is experiencing substantial development and growth, with approximately 7,500 residential units currently in the planning or the development/construction phase. The Property is a single legal parcel with a lot size of 6,005 square feet. Presently, it is improved with a single storey commercial retail building occupied by the Squamish Chief Newspaper (with a portion subleased to H&R Block) and has a rentable area of approximately 3,500 square feet and rear surface parking.
Highlights
- Squamish is ideally positioned in the centre of the rapidly growing Sea-to-Sky Corridor halfway between Vancouver and Whistler
- Strong leasing fundamentals in Downtown Squamish with low retail vacancy and robust end-user demand
- 50 feet of frontage onto Second Avenue with a prominent storefront that offers high exposure signage opportunities
- Upcoming lease expiry allowing for near term repositioning upside and/or owner occupier use
- Flexible C-4 zoning which permits a wide range of end uses and mixed-use development potential
Details
- Frontage: 50 feet frontage on Second Ave
- Current Zoning: C-4 Downtown Commercial
- OCP: Downtown Commercial Centre
- Listing Price: $2,100,000*
- Gross Taxes (2024): $20,343.98
*Option to purchase the Nominee/Shares of Bare Trustee available
Inquiry Form
38113 2 Avenue, Squamish, BC, Canada