3222 Munroe Street

$1,100,000 |   MLS® Number  C8070599

Retail for sale in Terrace - City, Terrace, Terrace, 3222 Munroe Street, 224975668 | Realtylink.org

Retail for sale

Year Built
1978
Floor Area
7,030 sqft
Lot Size
18,196 sqft
Gross Property Tax
$17,357.10 /year
Building Type
See Realtor Remarks
Building / Complex Name
Cedar River Physiotherapy
Zoning
C5
# of Parking Spaces
30
Subject Property Width
115 ft
Subject Property Depth
160 ft
Amenities
Alarm System, Handicap Access/Facil, Laundry Facility, Paved Yard, Visitor Parking, Washrooms Female/Male, Fenced Yard

Attention Investors & Medical Professionals - This is your chance to own a versatile income-generating asset in the heart of Terrace, BC. This 7,000 sqft professional building sits on a large C5-zoned lot with ample on-site parking, offering both commercial flexibility and residential potential. A new roof adds to the long-term value, while a 9.17% cap rate and $9,700/month in base lease revenue make this a sound investment. The main level features an open-concept layout, allowing for a variety of medical, wellness, or office configurations. Complete with a kitchen, laundry area, staff and guest bathrooms (including shower), it's turnkey-ready. The lower level includes a bright, self-contained suite with a private entrance, full kitchen, and 4-piece bath-perfect for staff housing or an additional rental stream. The other half of the lower level has its own entrance and is currently leased to a business with access to two private bathrooms. Plus tons of storage. Don't miss out!