Retail Space for Sale in Mission

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Bar with pendant lighting, indoor wet bar, and wood finished floors
Photo 1: 33157 1st Avenue in Mission: Mission BC Commercial Sale for sale : MLS®# C8066686
Photo 2: 33157 1st Avenue in Mission: Mission BC Commercial Sale for sale : MLS®# C8066686
Photo 3: 33157 1st Avenue in Mission: Mission BC Commercial Sale for sale : MLS®# C8066686
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
C8066686
Investor Alert! Seize this remarkable opportunity to own a freestanding building with very good exposure located in Downtown Mission. Solid updated and well maintained building, currently running as a restaurant and is fully equipped and fully renovated. Updates include new roof, plumbing, electrical and much more. Build equity in your building! Great investment. Recently completed beautiful streetscape improvement by the city. Just a short walk to West Coast Express Station. Travel from Downtown Mission to Downtown Vancouver Waterfront Station without the hassle of traffic! Building is on nearly 1/4-Acre and this property falls under Mission's Downtown Development Incentive Plan with redevelopment potential at a 4.5 FSR, allowing 41,000+SF buildable. Excellent upside for high density mixed-use development with street level retail & condos above. Buyer's to verify with the City of Mission for potential development. Located on 1st Ave aka Lougheed Highway/Highway #7.
Sale Type:
Asset or Share
Property Type:
Commercial Sale
Commercial Type:
Retail
Year built:
1975 (Age: 50)
Living Area:
5,087 sq. ft.
Subject Property Depth:
122'
Subject Property Width:
75'
Title to Land:
Freehold
Lot Area:
9,147.6 sq. ft.
Zoning:
Potential to Redevelop:
4.5 FSR, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
016265165
Taxes:
$24,314.73 / 2024
No
1% UPON 1ST PHYSICAL INTRODUCTION, OTHERWISE $1,000.00
No
Water Rights:
No
Roof:
Potential to Redevelop:
4.5 FSR, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 33157 1st Avenue in Mission: Mission BC Commercial Sale for sale : MLS®# C8066686
    Bar with pendant lighting, indoor wet bar, and wood finished floors
  • Photo 2: 33157 1st Avenue in Mission: Mission BC Commercial Sale for sale : MLS®# C8066686
    View of property
  • Photo 3: 33157 1st Avenue in Mission: Mission BC Commercial Sale for sale : MLS®# C8066686
    Exterior space with street lights
Listed by RE/MAX Bozz Realty
Data was last updated April 8, 2025 at 02:40 AM (UTC)