Commercial property for sale

2701 Alberni Hwy, Coombs

$4,550,000 or
Commercial property for sale in Coombs, Errington/Coombs/Hilliers, 2701 Alberni Hwy, 952954 | Realtylink.org
$4,550,000 or

Commercial property for sale

2701 Alberni Hwy, Coombs

Features

Lifestyle
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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

Listing REALTOR®

Jon Buckley, REALTOR<sup>®</sup>

Jon Buckley

REALTOR®

Marcus & Millichap

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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