1127 4th Street North Castlegar, British Columbia V1N 2A8
$2,500,000
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:48309)
Property Details
| MLS® Number | 2475451 |
| Property Type | Retail |
| Community Name | North Castlegar |
| Amenities Near By | Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores |
| Community Features | High Traffic Area, Family Oriented |
| Features | Central Location, Corner Site, Visual Exposure, Flat Site, Other, Level |
Building
| Amenities | Storage - Locker |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 15196 |
| Utility Power | Single Phase |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access, Highway Access |
| Acreage | No |
| Land Amenities | Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores |
| Sewer | See Remarks |
| Size Total Text | Under 1 Acre |
| Zoning Type | Commercial Mixed Use |
https://www.realtor.ca/real-estate/26621407/1127-4th-street-north-castlegar-north-castlegar
Interested?
Contact us for more information
Tristan Chart
www.rlkcommercial.com/
https://www.facebook.com/tristanchartcommercialrealty
https://www.linkedin.com/in/tristanchart/
https://www.instagram.com/tristanchartcommercialrealty/
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7
(250) 860-1100
(250) 860-0595
https://royallepagekelowna.com/
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March 14 2024 06:03:49
Kootenay Real Estate Board
Royal LePage Kelowna
Kootenay Homes