1127 4th Street, North Castlegar, British Columbia V1N 2A8

Listed for:
$2,500,000
0 beds
0 baths
Listed 59 days ago
1127 4th Street, North Castlegar, British Columbia V1N 2A8

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Learn more about this property
Listing provided by:
Royal LePage Kelowna
MLS® number:
2475451
Agent:
Tristan Chart
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About

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:27476)

Property Highlights

Type
Cooling type
Heating fuel
Natural gas
Fireplace
No
Construction material
Parking space
Ownership Type
Freehold
Amenities nearby
Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores

Location