Retail for sale
4552 Lakelse Avenue, Terrace - City, Terrace
$889,900
Features
Year Built
1954
Floor Area
7,600 sqft
Lot Size
6,534 sqft
Gross Property Tax
$23,427.07 /year
Building Type
Freestanding, Low Rise (2-4 storeys), Mixed Use
Zoning
C1
Subject Property Width
66 ft
Subject Property Depth
100 ft
Description
Prime mixed-use investment opportunity in the heart of downtown Terrace! Situated in one of the city's most established and successful commercial districts, this well-maintained building offers both strong income potential and exceptional flexibility. The main floor is home to a thriving thrift store, providing a reliable commercial tenant in a highly visible, high-traffic location. Upstairs, you'll find a spacious and well-kept loft-style apartment featuring an open-concept layout, 3 bedrooms, and 2 bathrooms. The residential unit is currently tenanted, creating an additional revenue stream from day one. Whether you're an investor looking to expand your portfolio with a proven income-producing property or an entrepreneur seeking the convenience of operating a business while living upstairs, this property presents a rare opportunity. With its desirable downtown location, mixed-use zoning, and established rental income, this is a smart investment with long-term potential.
MLS® Number C8079483