425 Stanford Ave E #117 Active Save Request In-Person Tour Request Virtual Tour
Parksville,BC V9P 2N4
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 986346
Year Built 1994
Annual Tax Amount $5,654
Tax Year 2024
Property Sub-Type Retail
Property Description
TURN KEY INVESTMENT PROPERTY WITH EXCELLENT LONG TERM TENANTS IN PLACE. Centrally located in a well-occupied complex, this strata commercial unit offers a bright and versatile space for a variety of business uses. Spanning over 2000 sqft the unit features a showroom, reception area, five private offices upstairs, a staff kitchenette, a two-piece bathroom, and a warehouse bay with an 8' overhead door for rear access loading area. The rooftop HVAC system provides heating and air conditioning for year-round comfort. The CS-3 zoning gives tenants plenty of flexibility in how they use the space but the
best part-its already occupied by long-term tenants who aren't going anywhere and includes an escalating annual rent increase along with a great 6% cap rate.These kind of returns make your accountant smile. The unit has been well maintained and managed. Excellent neighbours such as Arrowsmith Brewery, French Press Cafe, and Iron Warehouse Gym. Close to downtown, beaches and amenities.
Location
Province BC
County Parksville, City Of
Area Parksville/Qualicum
Zoning CS-3
Interior
Heating Heat Pump
Cooling Air Conditioning,HVAC
Flooring Mixed
Exterior
Parking On Site 1
Building
Lot Description Central Location,Easy Access,Level
Sewer Sewer Connected
Water Municipal