Commercial $ 1,779,000

9503 Cedar Avenue

Summerland, BC V0H1Z2

  • 6,430 SqFt
  • 0.4 Lot Size
  • 2010 Year Built
Presenting a turnkey investment opportunity with a mixed-use industrial building offering approximately 6440 square feet of space on a .40-acre lot, ideally located on a high visibility corner in the busy and emerging industrial area of Summerland, BC. This versatile property is fully leased to a diverse mix of tenants taking advantage of the flexible zoning for the site which allows a diverse tenant mix beyond just industrial. Built in 2010, this building has been well cared for and will provide its new owners with a low maintenance cash flow investment, perfect for local or out of town investors. Each of the 6 bays has a 12'x10' loading door, 2 piece washroom and a dedicated hot water tank. Equally divided, these units are a great fit for a multitude of businesses and are in a highly desirable size as evidenced by the 100% occupancy rate for several years. This building may be stratified in the future, and currently offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio. (id:24570)
Listed by Engel & Volkers South Okanagan

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Freehold

    Listing Status Active

    Purchase Type For Sale

    Square Footage 6, 430 sqft

    Price per Sqft $276

    Subdivision Main Town

    MLS Listing ID 10358896

    Year Built 2010

    Lot Size 0.400 Acres

    Acres 0.4

    Property Sub-Type Freehold

    Source Association of Interior REALTORS®

  • Location

    Province BC

    Zoning Light industrial

  • Rooms

    Kitchen 0.0

  • Exterior

    Parking Features No

    View Y/N No

    Roof Type Unknown

    Total Parking Spaces 11

    Private Pool No

  • Others

    Ownership Freehold

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