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$ 1,588,000
Est. payment | /mo
5,160 SqFt
$ 1,588,000
Est. payment | /mo
5,160 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5160
Square Footage 5,160 sqft
Price per Sqft $307
Subdivision Main Town
MLS® Listing ID 10362006
Year Built 2010
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Freehold
Property Description
Outstanding industrial/commercial investment opportunity in Summerland. This 5,160 sq ft mixed-use building on 21,823 sq ft (0.501 acres) is designed like a duplex, with two commercial units plus a top-floor caretaker residence (4,693 sq ft commercial + 467 sq ft residential). Unit 102 is currently occupied by Crush Dynamics at a base rent of $3,322.50/month on a triple-net basis, with estimated additional rent recoveries of $4.25/sq ft (~ $11,296.50/year), while Unit 101 is vacant and available for lease or owner occupancy. The caretaker suite generates an additional $700/month , bringing current base rental income to $4,022.50/month ($48,270/year). The vacant commercial unit provides immediate flexibility for an owner-user or the opportunity to increase rental income through a new tenancy. Two front-facing 14'H x 12'W bay doors and 19' ceilings make the property adaptable to a wide range of operations. The paved yard features dual access, ample parking, and additional Seacan storage at the rear. Well maintained and situated in a key industrial area with excellent access, this property is a turnkey opportunity for investors or businesses seeking income, growth, and operational versatility. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://my.matterport.com/show/?m=aug5WrXAAeZ
Listed by Royal LePage Parkside Realty
Nearby Locations
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