Commercial property for sale
430 1st Ave, Ladysmith
$1,180,000
Description
Commercial and Residential Character Building in Downtown Ladysmith for Sale! Colliers is pleased to present the opportunity to acquire the Sutherland Block - a charming, two-storey mixed-use building comprising four residential suites and two ground-floor commercial units. The building totals 4,554 square feet on a 0.11-acre lot. Investment highlights include: Exceptional Location-Situated on Ladysmith's vibrant main street, the Property benefits from strong daily foot and vehicle traffic, as well as consistent demand from both commercial and residential Tenants seeking space in this desirable downtown location; Rental Upside - The Property generates solid in-place income, with potential for increased revenue through tenant turnover, lease renewals, and strategic repositioning; Highly Desirable Asset Class - Multi-family and mixed-use properties continue to be among the most sought-after asset classes for both investors and lenders, offering long-term stability and growth potential; Landmark Character Building - Rich in local history, the Property is a well-known community landmark, celebrated for its distinctive architectural character and enduring charm.
MLS® Number 1012227