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$ 640,000
Est. payment | /mo
2,273 SqFt
$ 640,000
Est. payment | /mo
2,273 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,273 sqft
Price per Sqft $281
Subdivision Middleton Mountain Vernon
MLS® Listing ID 10340287
Condo Fees $656/mo
Originating Board Association of Interior REALTORS®
Year Built 1987
Property Description
Why be tied up in a GIC when alternatively you could invest & hold a recently updated commercial real estate property with a 4.50% CAP RATE on Middleton Mountain Vernon! Great location in a very popular 12 unit commercial strata complex with 2273 sqft of space. Multiple access points from Waddington Drive and 11th Ave, including a dedicated back lane to the bay area. Plus, the light industrial zoning offers a multitude of future usage. Current lease in place until October 15, 2027 with optional dual 3-year term extensions. Call us today for more information on this next investment into your portfolio! (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Overhead Heaters, , See remarks
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Total Parking Spaces 6
Private Pool No
Building
Lot Description Sloping
Sewer Municipal sewage system
Others
Virtual Tour https://youtu.be/ShTe1mxWEjA
Listed by RE/MAX Vernon Salt Fowler
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Nick Palumbo
Agent | License ID: 5043946