1241 Ironwood St, Campbell River

$4,599,900 |   MLS® Number  1024110

Commercial property for sale in Campbell River, Campbell River Central, 1241 Ironwood St, 1024110 | Realtylink.org

Commercial property for sale

Lot Size
91,040 sqft
Gross Property Tax
$69,404 /year
Zoning
C-1
Additional Features
Central Location, Easy Access, Rectangular Lot, Shopping Nearby
73

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.