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MLS® 10396799

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size 5244 sqft
Garage 
Taxes 
Days Active 4
Lot Size 
Approx. Age 
Avg. Price Per Sqft $295
MLS® Number 10396799

Property Address: 9901 Main St, Summerland, BC, V0H1Z0

Average square foot calculated using Size range provided by listing agent.

Description

**LIMITED TIME OFFERING** Previously listed at $1, 599, 000; now offered at $1, 549, 000. PRICED TO SELL. Rare opportunity to acquire a fully leased, income-producing commercial property in the heart of downtown Summerland at 9901 Main Street. This mixed-use asset comprises approximately 5, 244 SF with five commercial tenants in place, including two ground-floor retail units and three office tenants, providing a diversified and stable income stream. Offered at an attractive approximate 6.3% capitalization rate, the property delivers immediate cash flow with future upside through rental growth, as select tenancies offer the ability to increase rents toward market over time. An excellent opportunity for investors seeking a fully stabilized, low-maintenance commercial asset in a supply-constrained downtown market with long-term appreciation potential. (id:58753)Show Description
MLS® Number10396799
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

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00/00/0000End Date
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  • Commute

Commute

Starting Address
Destination Address
9901 Main St, Summerland, BC

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