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1366 Marine Drive
Pemberton NV North Vancouver V7P 1T4

$289,000
Business

Status:
Active
Prop. Type:
Business
MLS® Num:
C8076873
Well-established takeout restaurant in a prime Marine Drive location, operating successfully for approximately 2.5 years. Excellent exposure in a busy commercial corridor with strong surrounding residential density. Fully equipped commercial kitchen featuring a 16-foot hood, tandoor oven, kebab grill, and complete setup ready for continued operation or concept change. Over $25,000 in recent kitchen upgrades completed. 200 amp electrical service in place. Includes 3 dedicated rear parking stalls. Favorable 5 + 5 year lease at approx. $6,956/month (incl. GST) with $3,500/month sublease income, significantly reducing effective occupancy costs. Ideal for an owner-operator or experienced restaurateur seeking a turnkey location with strong fundamentals and growth potential. NDA required for further information.
Sale Type:
Asset
Sublease:
Yes
Ownership:
Strata
Property Type:
Business
Living Area:
1,500 sq. ft.
Minimum Divisible Area:
1,500 sq. ft.
Lot Area:
0 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
800179740
No
Yes
Water Rights:
No
Roof:
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by Woodhouse Realty
Data was last updated March 10, 2026 at 03:35 AM (UTC)
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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.
Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
Reciprocity Logo 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.