1127 4TH STREET , North Castlegar, British Columbia V1N2A8

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For Sale

$2,500,000

Remarks

Download the brochure at the link below for more info. 1127 4th Street offers an exciting investment opportunity, with +$400,000 invested into base building and tenant improvements within the last ~1.5 years. Several tenants have signed long-term leases including Pizza Pizza, Assante Wealth, West Kootenay Septic, and HAGER Orthopaedic, with an avg. term of 3.8 yrs overall, providing a strong and stable income base. Short-term tenants with current rents ~30% below market overall, offer substantial income upside. With +235 feet of retail frontage and C4 zoning on a 0.34-acre site, the Property offers an extremely high profile corner location with tremendous exposure and long-term redevelopment upside. Featuring operationally independent units, the property may also lend itself to a "strata/subdivision and resale" strategy. 1127 4th Street is being offered for sale with 331 Columbia Avenue (see MLS number 2475452), available either individually or as a package. The seller may also consider seller financing structures. (id:27)

Property Summary

Neighbourhood: North Castlegar
Floor Space (approx): 15196.00

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Craig Cournoyer

Phone: 250.860.1100

Mobile: 778.215.7981

Fax: 250.860.0595

Royal LePage Kelowna, Brokerage (Independently owned and operated)

1 - 1890 COOPER ROAD
Kelowna, BC V1Y8B7

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Craig Cournoyer

1127 4TH STREET ,
North Castlegar, British Columbia V1N2A8

$2,500,000