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CRU 1 1635 Marine Drive

Norgate North Vancouver V7P 1V1

$[***]

Office, Retail

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Status:

For Lease

Prop. Type:

Office, Retail

MLS® Num:

C8079760

Build. Type:

Freestanding

• Photos (12)

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Prominently located along Marine Drive—North Vancouver’s major east-west arterial and one of the North Shore’s busiest thoroughfares—these newly built ground-floor retail units offer exceptional visibility to constant vehicle traffic. This CRU is delivered in partial shell condition with HVAC and a fully built washroom, providing a flexible canvas for tenant improvements. Any business will benefit from high-exposure storefronts and prominent signage, capturing the attention of thousands of vehicles that pass along Marine Drive each day The property benefits from excellent regional connectivity: just minutes from the Lions Gate Bridge and downtown Vancouver, and in close proximity to West Vancouver’s Park Royal Shopping Centre. Surrounded by a growing residential base and supported by strong North Shore market fundamentals, 1635 Marine Drive represents an ideal opportunity for retail and service-oriented businesses seeking long-term visibility and success. option to lease 927,930, or 1857 SF.

General Info:

Sale Type:

Lease

Lease Type:

Net

Sublease:

Yes

Ownership:

Freehold

Property Type:

Office, Retail

Commercial Type:

Retail

Construction:

Mixed

Num Storeys:

2

Building Type:

Freestanding, Mixed Use, Street-Level Storefront

# Bldgs:

1

Year built:

1950 (Age: 76)

Leasable Area:

0 sq. ft.0 m2

Subject Property Depth:

75'22.9 m

Subject Property Width:

18'5.49 m

Contiguous Spc:

1,857 sq. ft.173 m2

Retail Size:

930 sq. ft.86.4 m2

Minimum Divisible Area:

927 sq. ft.86.1 m2

Lot Area:

0 sq. ft.0 m2

Zoning:

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Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Heating:

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Electricity:

No

Parcel Number:

800187230

Amenities (Commercial):

Storefront, Storage

Waterfront (Y/N):

No

Restrictions:

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Other Details:

# Elevators:

0

Water Rights:

No

Roof:

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Env Assmt Phase:

No

Business Info:

Cap Rate %:

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Gross Income:

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Oper. Expenses:

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Other Income:

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Effective Gross Income:

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Net Operating Income:

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Basic Rent per Annum per SF:

42.0

Additional Rent per Annum per SF:

17.19

Listing Info:

Previous Price:

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Original Price:

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Listed by Royal LePage Sussex

Data was last updated July 28, 2026 at 09:40 AM (UTC)

• Jean Seguin
• RE/MAX Real Estate Services
• 7787852135
• sales@vancouvercommercialbrokers.ca

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.

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Retail commercial spaces for sale across Vancouver and British Columbia offer opportunities for both investors and owner-users seeking stable income, strong locations, and long-term value. Retail properties include storefronts, mixed-use buildings, strip retail, and freestanding commercial units located in high-traffic corridors and growing communities.

Vancouver Business Brokers represents retail commercial properties throughout Metro Vancouver, the Lower Mainland, and BC, providing professional guidance to buyers and sellers navigating this competitive asset class.

Types of Retail Commercial Properties

Retail commercial spaces vary widely based on location, tenant mix, and zoning. Common retail property types include:

• Street-front retail units  
• Mixed-use buildings with residential above  
• Strip retail and small plazas  
• Freestanding commercial buildings  
• Owner-user retail opportunities  

Each property type presents different income profiles, risk levels, and operational considerations.

Buying Retail Commercial Property

Buyers considering retail commercial real estate should evaluate more than the purchase price. Important factors include:

• Tenant quality and lease terms  
• Visibility, access, and foot traffic  
• Zoning and permitted uses  
• Remaining lease term and renewals  
• Long-term redevelopment potential  

Professional representation helps buyers identify risks and assess whether a property aligns with investment or operational goals.

Selling Retail Commercial Property

Selling retail commercial property requires proper pricing, strategic exposure, and qualified buyers. Market conditions, tenant stability, and lease structure all influence value.

Working with experienced commercial brokers helps sellers:

• Position assets effectively  
• Maintain confidentiality when required  
• Reach qualified buyers and investors  
• Navigate negotiations and closing 

Retail Commercial Markets Across BC

Retail demand varies by region. Urban centres such as Vancouver present strong owner-user and investor interest, while secondary markets may attract buyers seeking higher yields.

Understanding local market dynamics is essential when pricing or evaluating retail assets.

Next Steps

If you are considering buying or selling retail commercial property in Vancouver or British Columbia, professional guidance can help you navigate the process with confidence.

Frequently Asked Questions

What types of retail commercial properties are available?

Retail properties include storefronts, mixed-use buildings, strip retail, and freestanding commercial units.

Is retail commercial property a good investment?

Retail property can provide stable income, but performance depends on location, tenant quality, and lease terms.

Do you represent retail properties outside Vancouver?

Yes. We represent retail commercial properties across British Columbia.

Can owner-users purchase retail commercial space?

Yes. Many retail properties are suitable for owner-operators depending on zoning and use.