Business for sale
607 Coronation Ave, Duncan
$999,000
Features
Lot Size
6,200 sqft
Gross Property Tax
$7,386.04 /year
Zoning
NC
Amenities
Balcony/Patio, Fencing: Full, Garden, Low Maintenance Yard, Security System, Sign: Allowed, Storefront, Basement, Parking
Additional Features
Family-Oriented Neighbourhood
Major Business Type
Grocery, Retail
Description
This family-owned Convenience store has been a pillar of the community in Duncan for many decades. Just a 45 - minute drive from the Nanaimo Ferry to Vancouver, and an hour to Victoria Ferry. This is the only commercial zoned lot in the area surrounded by residential limiting competition. Zoning allows for mixed-use development providing a good long-term investment opportunity. The store comes with a 3 Bedroom house attached, perfect for owner operator or to provide accommodation for a live-in manager couple. Sales increasing year- over-year. No franchise fees, no gas company to deal with. Current owners have raised their family supported by this business and are ready to retire. Plenty of upside for new owner willing expanding offerings and open hours. Flexible zoning allows for restaurant, retail, office, etc. Take advantage of low interest rates to build equity, have a place to live and earn a solid income without having to leave home.
MLS® Number 891775