Commercial Land for Sale or Lease

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1550 Philip Avenue
Norgate North Vancouver V7P 2V8

$4,900,000
Land Commercial, Retail

Aerial perspective showcasing a residential area with surrounding commercial establishments and mountainous backdrop
Photo 1: 1550 Philip Avenue, North Vancouver
Photo 2: 1550 Philip Avenue, North Vancouver
Photo 3: 1550 Philip Avenue, North Vancouver
Photo 4: 1550 Philip Avenue, North Vancouver
Photo 5: 1550 Philip Avenue, North Vancouver
Photo 6: 1550 Philip Avenue, North Vancouver
Photo 7: 1550 Philip Avenue, North Vancouver
Status:
Active
Prop. Type:
Land Commercial, Retail
MLS® Num:
C8078429
Opportunity to acquire 1550 Philip Avenue, located just south of Marine Drive in North Vancouver. The property comprises 17,211 SF of land improved with a 2,492 SF single storey fully fixtured restaurant. This offering may include a sale leaseback opportunity with Tomahawk restaurant, as the current owner-occupier would consider remaining on the property. Located just steps to Marine Drive, a major thoroughfare in North Vancouver, the property benefits from ease of access via transit or vehicle and is just a 15-minute drive to Downtown Vancouver. Please do not disturb tenant or employees. Privacy is extremely important.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Retail
Num Storeys:
1
Living Area:
2,492 sq. ft.
Lot Area:
16,988.4 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
018249698
Taxes:
$69,282.09 / 2025
No
Water Rights:
No
Roof:
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 1550 Philip Avenue, North Vancouver
    Aerial perspective showcasing a residential area with surrounding commercial establishments and mountainous backdrop
  • Photo 2: 1550 Philip Avenue, North Vancouver
    Photo 2 of 7
  • Photo 3: 1550 Philip Avenue, North Vancouver
    Photo 3 of 7
  • Photo 4: 1550 Philip Avenue, North Vancouver
    Photo 4 of 7
  • Photo 5: 1550 Philip Avenue, North Vancouver
    Photo 5 of 7
  • Photo 6: 1550 Philip Avenue, North Vancouver
    Photo 6 of 7
  • Photo 7: 1550 Philip Avenue, North Vancouver
    Photo 7 of 7
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Listed by Marcus & Millichap
Data was last updated May 2, 2026 at 04:10 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.
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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.