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 6.5% cap rate. 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:4069)
Address
141 Shuswap Street NE
List Price
$1,099,000
Property Type
Retail
Transaction Type
Sale
Area
British Columbia
Sub-Area
Salmon Arm
Floor Area
6,600 Sq. Ft.
Lot Size
0.11 Sq. Ft.
MLS® Number
10400786
Listing Brokerage
Homelife Salmon Arm Realty.Com
Postal Code
V1E4N6
Heat Type
Other
Cooling Features
Central air conditioning
Water Source
Municipal water
Sewer
Municipal sewage system
