341 E HASTINGS Vancouver, British Columbia V6A1P3, Vancouver home/condo for sale | C8075182

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Property Description

A four-story low-rise mixed-use building in the Downtown Eastside offers 36 rooms and a single retail store. The lot spans 3,050 square feet, with a total usable space of 12,200 square feet plus an unfinished 3,000-square-foot basement. It generates a net operating income of about $312K annually, and there's also an option to lease, excluding the grocery shop, for $20K net per month. There's a possibility to rezone for a hotel and construct a 12-story building with 20% designated for rentals. Please confirm this with the City of Vancouver Planning Department. The Owner is willing to sell a 50% ownership interest in the property. (id:26452)

Other located at 341 E HASTINGS Vancouver, British Columbia V6A1P3. The property was built in 1910. It's is in the Vancouver neighborhood. Vancouver, Maplewood, and Old Esquimalt are nearby neighbourhoods.

Agent Contact: Mason Oskoei Phone: +16047208001
Listing Courtesy of: New Coast Realty
Source: crea , MLS#: C8075182

Property Description

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