Commercial property for sale
2701 Alberni Hwy, Coombs
$4,550,000
Features
Floor Area
32,332 sqft
Lot Size
188,179 sqft
Gross Property Tax
$41,186.54 /year
Additional Features
Acreage, Corner, Easy Access
Description
Marcus & Millichap is pleased to introduce an exceptional investment opportunity to acquire avalue-add mixed-use property situated on an expansive 4.32 acre lot in the coveted community of Coombs, on Vancouver Island.
OPPORTUNITY
Tenant Mix - Diversified tenant mix primarily comprised of in person services such as Vancouver Island Health, One on One Fitness, and various retail businesses such as Creekmore's Coffee Roasting, Miracle Truck & Car Company, and Paramount Recreation.
Value-Add - Secure in-place income with considerable future upside by way of strategic lease-up of the current vacancies and renewals of in-place tenancies.
Exposure - Situated on the highway to Tofino and Ucluelet; over 3 million travelers use Memorial Ave and Alberni Highway each year to get to Tofino and Ucluelet. Recent Capital Expenditures - Over $298,000 in capital improvements since 2021, including upgraded lighting, stucco repair and painting, and the installation of an upgraded drainage system
MLS® Number 952954