Iconic Properties Group is pleased to offer the opportunity to acquire a hassle-free, income-producing, fully renovated standalone building in the heart of Strathcona, with both floors leased out to professionals. The building, meticulously upgraded in 2020, boasts modern amenities and seismic resilience. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system, ensuring a premium working environment. With an advantageous M-2 zoning, this property allows for a diverse range of manufacturing and service-related activities and opens doors to a 5.0 FSR redevelopment. Its strategic location provides convenient access to Vancouver's Downtown core and offers seamless connectivity via a short drive to Highway 1.
786 Powell Street is located in between the well-known neighbourhoods of Railtown and Strathcona in Vancouver's Downtown Eastside. This area features multiple uses including industrial, retail, and an emerging amount of tech and business professionals. This area is becoming more and more desirable as it has numerous restaurants, showrooms, fashion studios, and offices for tech firms. Neighbouring tenants include Ask for Luigi, Aritzia, Railtown Cafe, Starbucks, Vancouver Urban Winery, Herschel Supply Co., and Bloom Furniture Studio. The site has easy access to Highway 1 to enter the North Shore or the rest of Metro Vancouver & the Fraser Valley, and it boasts fantastic proximity to the Port of Metro Vancouver and Downtown Vancouver.