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$1,779,000
Est. payment /mo
6,430 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,430 sqft
Price per Sqft $276
Subdivision Main Town
MLS® Listing ID 10358896
Year Built 2010
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Presenting a turnkey investment opportunity with a mixed-use industrial building offering approximately 6440 square feet of space on a .40-acre lot, ideally located on a high visibility corner in the busy and emerging industrial area of Summerland, BC. This versatile property is fully leased to a diverse mix of tenants taking advantage of the flexible zoning for the site which allows a diverse tenant mix beyond just industrial. Built in 2010, this building has been well cared for and will provide its new owners with a low maintenance cash flow investment, perfect for local or out of town investors. Each of the 6 bays has a 12'x10' loading door, 2 piece washroom and a dedicated hot water tank. Equally divided, these units are a great fit for a multitude of businesses and are in a highly desirable size as evidenced by the 100% occupancy rate for several years. This building may be stratified in the future, and currently offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio. (id:24570)
Location
Province BC
Zoning Light industrial
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Total Parking Spaces 11
Private Pool No
Others
Ownership Freehold
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Listed by Engel & Volkers South Okanagan