One of the most iconic restaurant in Vancouver is up for sale, with the building housing the Naam Restaurant on West 4th Avenue listed for just under $8 million.
The restaurant's location, at 2724 West 4th Avenue, is being billed as a “future redevelopment property on realtor.ca.” The building has housed the Naam since 1968, when Kitsilano was ground zero for the hippies and ’60s counterculture. The vegetarian spot has endured even as West 4th has transformed into an upscale shopping mecca that’s more about yoga studios and kitchenware than peace, love, and flower power.
The listing reads as follows: “This future redevelopment property is located in beautiful Vancouver BC, in the westside neighbourhood of Kitsilano, near the corner of 4th & MacDonald and just A few blocks away from the beaches. The lot is 50 X 113 and the building has 1800 sqft of rentable space. The ground floor retail unit is tented with a high profile restaurant known to Vancouverites called “The Naam”. This business has revenues of over $1,500,000 annually and is included with the property purchase. The building also has a two bedroom suite on the upper level. Take advantage of this great investment opportunity to own a valuable piece of land with building, plus the added bonus of a restaurant generating revenues in one of the most sought after neighbourhoods in Vancouver. DO NOT DISTURB STAFF.”
The Vancouver Heritage Foundation describes the Naam “the least altered connection with Kitsilano’s hippie community of the psychedelic and ‘back to the land’ era in the 1960s and ‘70s. The Naam is the only remaining original natural foods business from the 1960’s in Kitsilano.”
Should someone buy the Naam, you can at least take solace that the deal should, given the history of the place, take about a year or five to actually go through.
And yes, you either get that joke or you don’t.More