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Note: All measurements are approximate and should be verified by the purchaser upon due diligence.

Salient Facts

Location OverviewLocated in the heart of False Creek Flats on the north side of Terminal Avenue in between Begg Street and Glen Drive, 851 - 855 Terminal Avenue offers a rare opportunity to acquire a mixed-use development site in one of the most transformative Vancouver neighbourhoods. Exceptionally located, the property is a 10 minute walk to both the Olympic Village Canada Line and VCC-Clark Millenium Line SkyTrain stations. Numerous amenities along the Main Street corridor, Mount Pleasant area and Olympic Village neighbourhoods provide future occupiers and tenants a location that is unmatched.

Civic Address: 851 - 855 Terminal Avenue, Vancouver

Legal Address: Lot 3, Block E, District Lot 2037, Land District 36, Plan VAP 18722

PID: 007-095-538

Site Area: 17,408 SF

Building Size 13,500 SF

Current Improvements:

Purpose built food processing/distribution facility with second floor office space.

Building Features:

∆ 21’9” Clear ceilings

∆ 2 dock doors with levelers

∆ Floor drains

∆ Heavy 3 phase power

∆ Venting

∆ 14 secured parking stalls

Property Taxes: $62,790.13

Current Zoning: I-2 Light Industrial (3.00 FSR)

Availability Immediately

Purchase Price: $11,888,000

ImprovementsOriginally built in 1981, the subject property is improved with a two-storey food processing/distribution building. The building is fully ventilated and features polished concrete floors. A gated parking lot provides access to 14 parking stalls and 2 dock doors. With 13,500 SF of leasable area over two levels, the property offers substantial holding income.

Property Highlights

• Highly coveted False Creek Flats location

• High profile development site

• In close proximity to Main Street Skytrain Station

• Located in Vancouver’s most transformative neighbourhood

False Creek Flats Area PlanIn September of 2017 the Vancouver Planning Department approved the False Creek Flats Area Plan which recognizes the overall area as the logical next step in the redevelopment and extension of the City’s successful inner city new economy. Within the plan four (4) distinct character sub-areas have been defined, each providing unique characteristics for specific future uses. The subject property is located within the “Terminal Spine” sub area which will support additional height, density, and diversity of industrial businesses including the introduction of Creative Products Manufacturing conditional on the delivery of traditional production distribution and repair uses or artist industrial production space at the ground floor.

Development PotentialUses: Addition of Creative Products Manufacturing (CPM); Digital Entertainment, Information and

Communication Technology (DEICT); remove mini storage; make auto-dealer conditional use(in addition to existing uses)

Density: Outright – 3.0 FSR (52,224 Buildable SF)Conditional – 4.0 FSR (69,632 Buildable SF)

Height: Outright – 60 feetConditional – increased to 120 feet

Conditional Requirements:

Conditional height and density can be achieved through the delivery of ground floor light industrial uses or Artist Studio B. Auto Dealer limited to 1.0 FSR and conditional on the delivery of a complete 3.0 FSR development, including a minimum of 1.0 FSR of light industrial.

MEC

Proposed Greenway

CRA

General Paint

Strathcona Park

Millenium Line SkyTrain

Expo Line SkyTrain

Expo Line SkyTrain

MainStreetStation

VCCSkyTrainStation

FutureStation PCI Group

Aquilini

BonnisProperties

Emily Carr University

Porsche

Mini Cooper

Acura

Home DepotRocky

Mountaineer

ProvidenceHealth CareHospital Site

TrainStation

Mercedes-Benz

Dueck

Mark AnthonyGroup

QLT/Discovery

Parks Vancouver

VCC

City ofVancouver

FuturePark

CityGate

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1980FoleyStreet

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Produce RowCity Works Yard

MEC

Proposed Greenway

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CRA

Millenium Line SkyTrain

Expo Line SkyTrain

Expo Line SkyTrain

MainStreetStation

VCCSkyTrainStation

FutureStation PCI Group

Proposed Viaduct Replacement Roads

Proposed Seawall Extension

Flying Pig

Steel ToadBrewery

Tap and Barrel

Craft Beer Market

Beta5 Chocolates

Red Truck BeerCompany

Aquilini

BonnisProperties

ConcertProperties

Emily Carr University

Porsche

Mini Cooper

Acura

Olympic Village

Home DepotRocky

Mountaineer

ProvidenceHealth CareHospital Site

TrainStation

Mercedes-Benz

Dueck

Mark AnthonyGroup

QLT/Discovery

Parks Vancouver

VCC

ScienceWorld

City ofVancouver

RogersArena

ConcordPacific

Rezoned toResidential

FuturePark

FuturePark

BCPlace

CityGate

Onni

False Creek

AngiotechBuilding

Rogers

DeluxeFilms

VancityVancity

Scot

ia St

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Concert

Wall CentreFalse Creek Pinnacle

Broadway Properties Inc. Bastion

SoutheastFalseCreek Bosa

CommunityCentre

FerryTerminals

Pinnacle

Onni

Cressey

City TV& Onni

FutureResidential

Development

1980FoleyStreet

Jacobson

ColumbiaCollege

Ford

Executive Beedie

FutureDevelopment

FutureDevelopment

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City ofVancouver

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CampusStudent Housing

Ginger LivingCondos


CanadianCancer Society


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McQuadeMusic Store

Long &McQuade

Music Store

RogersTower

RogersTower

Development

Tim Hortons

Starbucks

Cafe Nuba

Swiss Bakery

Mario’s Gelati

Urban Fare

London Drugs

Terra Breads

Whip Restaurant

McDonald’s

Starbucks

CampagnoloRestaurant

Terra BreadsHead Office

McDonald’s

Java Express

London Pub

Union Pub

Charlie & LeeClothing Hogan’s Alley Cafe

Subway

RexallPharmacy

White Spot

TD Bank

LegacyLiquor Store

Electric OwlSocial Club

Argo CafeOrganic

LivesKranky Cafe Liberty Wine

Merchants

VancouverSki & Board

Services

Gene Cafe

CliffhangersClimbing Gym

Danz Gourmet

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Pacific BoulevardUnion Street

Georgia Viaduct Gore

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West 3rd Avenue

N

Legend

Existing commercial developments

Future commercial developments

Residential & service retail

Future Residential

FutureDevelopment

City of Vancouver

FutureDevelopment

FutureDevelopment

Article.com

CresseyRed Truck Brewery

Traffic CountsTerminal Avenue I 37,562 Vehicles Per Day

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for sale€¦ · residential & service retail future residential future development city of...

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