1157 5th Avenue, Downtown PG, Prince George

$1,999,000 |   MLS® Number  C8062107

Retail for sale in Downtown PG, Prince George, PG City Central, 1157 5th Avenue, 224967176 | Realtylink.org

Retail for sale

Year Built
1967
Floor Area
10,062 sqft
Lot Size
7,551 sqft
Gross Property Tax
$35,629.62 /year
Building Type
Commercial Mix
Zoning
C1
# of Parking Spaces
2
Amenities
Air Conditioning, Balconies, Emergency Lighting, Handicap Access/Facil, HVAC System, Washrooms Female/Male

1157 5th Ave is a great investment with multiple income streams located in the heart of downtown Prince George, British Columbia. The owner has done an excellent job of increasing value by investing in substantial systems upgrades & property improvements including 4 new HVAC systems and 3 phase power. The main floor has just undergone extensive renovations with the restaurant wanting to renew a lease on a long term basis at current market rents. Property includes two fully renovated Air BnB units upstairs (one 2 bd/2 bath & one studio), a wedding and photography studio and college also upstairs on long term leases. A new owner can enjoy future profits from the groundwork which has already been done.