for sale 239 keefer street

FOR SALE
239 KEEFER STREET
Vancouver, BC
CASEY WEEKS*
ASSOCIATE VICE PRESIDENT
604 318 6892
casey.weeks@colliers.com
STEVE FAME*
VICE PRESIDENT
604 761 3263
steve.fame@colliers.com
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HIGHLIGHTS
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245 E Georgia
EG
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Bonnis
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>> Build to 90’ of height
>> Approximately 50,000 Buildable SF
Un
ion
Av
e
>> Share Keefer Street with Starbucks, Bao Bei,
Keefer Bar and Oyster Express
Go
re
or
gia
>> 1 Million SF under development in immediate
proximity
FOR SALE > 239 KEEFER STREET
VANCOUVER, BC
The subject property is strategically located in the 200 block of
Keefer Street at the epicenter of Chinatown’s revitalization.
Only half a block to the west, five projects are currently under various
stages of development combining for approximately 400,000 SF.
The first tower to be built in Chinatown under the new Official
Community Plan, the “Keefer Block” – developed by Solterra - is
nearing completion after a highly successful marketing campaign.
Across the street, Westbank is under construction with 188 Keefer
and the Beedie Group has an application in with the City for 137 units
and 150,000 SF at 105 Keefer Street.
IMPROVEMENTS
The subject property is improved with a single storey retail building
of concrete block construction and is approximately 6,000 SF.
SITE DESCRIPTION
The subject site offers 50 feet of frontage along Keefer Street and
a return depth of 122 feet for a consolidated site size of 6,100 SF.
SHARE PURCHASE
The opportunity exists to forgo the Property Transfer Tax by
acquiring the shares of the holding company.
PROPERTY TAXES
Keefer Street has also become the retail hub of Chinatown with some
referring to it as “restaurant row”. The “Keefer Block” retail space
has recently been leased to Starbucks and a high-end restaurant
supplementing established venues such as Oyster Express, The
Keefer Bar and Bao Bei.
$36,346.47
CHINATOWN OVERVIEW
LEGAL PLAN
As a result of a new community plan passed by council in 2011,
Chinatown is experiencing a revitalization reminiscent of Yaletown in
the 1990s. The neighbourhood, which encompasses approximately
one square kilometer, bordered by Carrall Street to the west, Gore
Avenue to the east, Hastings to the north and Union Street to the
south, will see nearly 1,000,000 SF developed over the next five
years. Bars and restaurants have also picked Chinatown as the place
to be, Keefer Bar, London Pub, Phnom Penh, Bao Bei, Mamie Taylors
and The Union, to name a few. Join Vancouver’s most prominent
developers and trendiest restaurants and invest in Vancouver’s most
historic neighbourhood.
CONTACT US
PRICE
$4,880,000
CASEY WEEKS*
ASSOCIATE VICE PRESIDENT
604 318 6892
casey.weeks@colliers.com
STEVE FAME*
VICE PRESIDENT
604 761 3263
steve.fame@colliers.com
122 FT
KEEFER STREET
50 FT
COLLIERS INTERNATIONAL
200 Granville Street, 19th Floor
Vancouver, BC V6C 2R6
604 681 4111
www.collierscanada.com
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Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. HL012015