228 LONSDALE Avenue, North Vancouver, British Columbia V7M2G1

Property Description

Rare opportunity to acquire a well-maintained 1,934 sqft strata retail unit located along the vibrant Lonsdale Avenue corridor in North Vancouver. Currently leased to a successful restaurant tenant, providing stable and reliable rental income. The space features high ceilings, commercial Kitchen, a unique second-floor seating area, and an additional 98 sqft patio that enhances the dining atmosphere. Situated on one of North Vancouver's busiest commercial streets, the property benefits from strong visibility, heavy foot traffic, and surrounding high-density residential and retail amenities. Includes one parking stall and one storage locker, with ample street parking nearby. This property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $92,973/year. CAP RATE : 3.5% (id:5764)