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For Sale
$1,549,000
MLS® 10396799
9901 Main Street
Summerland, British Columbia, V0H1Z0
- Interior
- 5,244 sqft
- Property type
- Retail
- Building
- Retail
Property facts
- Interior
- 5,244 sqft
- Property type
- Retail
- Building
- Retail
- Transaction
- For Sale
About this property
**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:53361)
Features & details
- Fireplace
- false
- Photos Count
- 4
- Parcel Number
- 008-585-652
- Originating System
- Association of Interior REALTORS®
- Internet Address Display
- true
Location
9901 Main Street, Summerland, British Columbia, V0H1Z0
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