The Esso station on the southwest corner of Burrard and Davie Street is up for sale.
And if it's converted into condos, that could spell the end of buying gasoline in downtown Vancouver.
That's because it's the core's last remaining service station.
The second last one, the Chevron on West Georgia and Bidwell streets, recently closed after Anthem Properties bought the site.
Colliers International is marketing the Esso property as a "high profile mixed-use development site".
"Building heights in this area can be considered up to a maximum of 300 feet (91.4 m)," the listing states. "Rezoning applications to increase density can be considered."
The normal course in rezoning applications in this area is for city council to approve a tower with a commercial podium.
In return for more density, developers will be required to provide community amenity contributions.
This can involve anything from contributions to the city's affordable housing fund, donating parkland, or adding childcare spaces.
The Esso station is smack in the middle of a real-estate rush taking place on Burrard Street.
It's accelerated as developers have been anticipating the downgrading of St. Paul's Hospital when a replacement hospital is built on False Creek Flats.
Jim Pattison Group and Reliance Properties are building Burrard Place on a city block around the former Pattison Toyota dealership down the street. The $500-million mixed-use development will include 54-storey and 35-storey residential towers and a 13-storey office tower built on 27 lots.
Other major developers such as Amacon and Concert Properties have also developed sites south of the gas station.
Pattison recently donated $75 million to the St. Paul's Hospital Foundation, which is raising funds for the new health-care precinct on Station Street northeast of Main Street–Science World Station.