Overview

Colliers is pleased to present a rare opportunity to own Il Mercato - an iconic retail property with phenomenal potential for income growth and long-term redevelopment in Vancouver’s most desirable “East Van” location. Located on the corner of Commercial Drive and East 1st Avenue, the property’s strong mix of AAA national and local tenants benefit from a high-exposure location with traffic counts of 100,000 vehicles per day.

  • Address Vancouver
  • Status Sold
  • Property Type Land, Retail
  • Land Area59,850 SF

Features

  • Iconic retail property with phenomenal potential for income growth and long-term redevelopment
  • Once-in-a-lifetime opportunity to purchase the largest privately-owned property in Vancouver’s top evolving neighbourhood
  • Strong mix of AAA national and local tenants including Loblaws, Tim Hortons, Vancity and Co- op BC
  • Quality concrete building with ample parking and well-designed space
  • High exposure corner on the corner of Commercial Drive and East 1st Avenue, supporting high retail rents and potential for further densification
  • Situated within the “Little Italy” precinct in the heart of Vancouver’s eclectic Commercial Drive neighbourhood – East Vancouver’s best amenities, hip restaurants/bars, breath-taking mountain views and hot real estate dynamics
  • Located just minutes from the New St. Paul’s Hospital and the Mount Pleasant/Great Northern Way tech and creative hub
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Location

Address

1641 Commercial Drive, Vancouver, British Columbia, Canada

Enquiry

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