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Listing content provided by CREA DDF®. Not intended to solicit properties currently listed for sale.

←Back to Summerland properties

$1,549,000

For Sale
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←Back to Summerland properties

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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
InquireCall

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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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The listing content is protected by copyright owned by CREA or its member Boards / Associations. Listing data is believed to be reliable but is not guaranteed by CREA or this brokerage.