141 Shuswap Street NW,Salmon Arm, BC V1E4N6
Salmon Arm, BC V1E4N6
Description
Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 5.7% cap rate at current rates that escaltes over 6%. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio. (id:374)
Details
| MLS # | 10400786 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Days On Site | 39 |
| Listing Provided By | Homelife Salmon Arm Realty.Com | Jordan Grieve |
Features
| SQ Feet | 6,600 |
|---|---|
| Acreage | 0.11 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Other |
| Fireplace Yes / No | No |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 9876.57 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Salmon Arm |
| Postal Code | V1E4N6 |
| Listing VS Median (in V1E4N6) | |
Price: $1,099,000 low | high Med: $549,504 sqft: 6,600 low | high Med: 3,651 $ / sqft: $167 low | high Med: $83 On site: 39 low | high Med: 49 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Salmon Arm |
| Postal Code | V1E4N6 |
| Listing VS Median (in V1E4N6) | |
Price: $1,099,000 low | high Med: $549,504 sqft: 6,600 low | high Med: 3,651 $ / sqft: $167 low | high Med: $83 On site: 39 low | high Med: 49 | |