Commercial property for sale
1241 Ironwood St, Campbell River
$4,599,900
Features
Lot Size
91,040 sqft
Gross Property Tax
$69,404 /year
Zoning
C-1
Additional Features
Central Location, Easy Access, Rectangular Lot, Shopping Nearby
Description
Located in a busy area of Campbell River BC, this opportunity consists of 2 Separate parcels of land (totaling approx. 2.09 Acres), 3 single story buildings containing 18 Commercial rental units (approx. 27547 sq. ft of rentable space). Current Cap rate is approximately at 5.9%. There is plenty of upside as current rents are slightly below market rate and there is room for additional buildings on the site. Historically the vacancies have been few and far between. The zoning C-1 provides many uses and possibilities. Recent upgrades include repaving a portion of the lot as well as some painting upgrades.
MLS® Number 1024110