351 Dominion Street, Downtown PG, Prince George

$1,650,000 |   MLS® Number  C8055551

Office for sale in Downtown PG, Prince George, PG City Central, 351 Dominion Street, 224960620 | Realtylink.org

Office for sale

Year Built
1959
Floor Area
11,409 sqft
Lot Size
6,600 sqft
Gross Property Tax
$35,402.17 /year
Building Type
Freestanding, Office Building, Street-Level Storefront
Building / Complex Name
L&M Engineering
Zoning
C1
Amenities
Alarm System, Boardroom, HVAC System, Washrooms Female/Male
79

Just Reduced! Seller looking for a quick sale before June 25th 2024 due to new capital gains legislation. Fantastic office building with a premium Tenant in the heart of downtown Prince George. This centrally located building is across the street from the UNBC Wood Innovation Research Lab and one block from the Ramada hotel. This building has been L&M Engineering's home for many years and they are ready to sign a new 5 year lease (plus additional 5 year option) with a new building owner. Main floor is roughly 6200 sq ft while the basement is around 5200 sq ft. This building is being sold at a 7.4% cap rate so you can see a great return on your investment. Seller is open to an asset or share sale! Buyer will benefit by way of an approximately $500k capital loss held in the company which can be used for future write downs.