Office for sale
3222 Munroe Street, Terrace - City, Terrace
$1,350,000
Features
Year Built
1978
Floor Area
7,030 sqft
Lot Size
18,340 sqft
Gross Property Tax
$15,488.62 /year
Building Type
Commercial Mix, Residential Mix, Office Building
Building / Complex Name
Cedar River Physiotherapy
Zoning
C5
Subject Property Width
115 ft
Subject Property Depth
160 ft
Amenities
Air Conditioning, Outside Storage, Visitor Parking, Washrooms Female/Male, Fenced Yard
Description
**Attention investors and medical professionals** This is your opportunity to own prime real estate with existing rental income. This professional building is ideally situated in the centre of Terrace with abundant parking on this large lot and 7000 sq ft on 2 levels. New Roof! The lot is zoned C5, and permits a residential dwelling place. The main floor is open concept to allow for multiple layout options. The main floor has a kitchen, laundry room, staff, and guest bathrooms (with shower). The lower-level is split between a bright self-contained dwelling unit with private access on one side and the other has separate access to offices and storage. The self-contained suite (currently leased) has a kitchen and full 4-piece bathroom. Another lower-level tenant currently operates a business with access to 2 private bathrooms. Current income for this building is $5,700 per month. Potential rent would be $8,400 base lease (lease sheet available for review) which is an impressive Capitalization Rate of 7.5%.
MLS® Number C8063317