1818 Commercial Dr
Vancouver, BC V5N 4A5
Local commercial Bien À vendre

CBRE presents a rare opportunity to acquire a trophy retail asset in one of Vancouver’s most iconic and culturally rich corridors—Commercial Drive. This two-unit, single-storey property spans 2,780 square feet and offers both stable income and future upside. Unit 1818 is leased to Pho 37, a vibrant new restaurant. Unit 1816, is vacant, offering flexibility for owner-occupancy or repositioning to market lease rates.
The site features 33 feet of prime retail frontage between East 2nd and East 3rd Avenues, just minutes from the Commercial-Broadway SkyTrain Station. The surrounding Grandview-Woodlands neighborhood is undergoing rapid transformation, with over 10,000 new residents projected between 2022–2027. The area’s walk score of 99, transit score of 76, and bike score of 91 reflect its exceptional connectivity and livability.
Zoned C2-C, the property supports a wide range of commercial uses and is part of the Commercial Drive “Core” under the city’s Grandview-Woodlands Community Plan. This designation encourages active, mixed-use development while preserving heritage character, with a maximum allowable height of four storeys and up to 3.5 FSR for mixed-use residential.
With strong demographics, a vibrant retail environment, and redevelopment potential, 1816–1818 Commercial Drive is a compelling opportunity for investors seeking long-term value in Vancouver’s thriving East Side.