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

15196
Forced Air

$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:13641)

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

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