Retail for sale
321 16 Highway, Burns Lake - Town, Burns Lake
$1,295,000
Features
Lot Size
15,750 sqft
Gross Property Tax
$11,980.83 /year
Building Type
Residential Mix, Strip Mall
Zoning
C2
Amenities
Alarm System, Emergency Lighting, Handicap Access/Facil, HVAC System, Secured Building, Storefront, Visitor Parking, Washrooms Female/Male
Description
Prime Bums Lake investment! This mixed-use building, near hotels & shopping, offers 2 residential & 9 commercial units (all occupied!). Updates in 2013-14 include a new roof, vinyl plank flooring (most units), windows, electrical, added units, baths, doors, furnace & retaining wall. Priced at $1,295,000 with an 8.84% cap rate, this property offers excellent returns. Month-to-month leases provide income flexibility. A fantastic opportunity in Burns Lake's thriving market!
MLS® Number C8066957