$ 525,000 6272 MAIN Street

This listing presented by Stephen Buck. Contact Stephen by phone: 250-860-1100 or email direct here.

Listing Info

Area: Oliver
Property Type: Other
MLS® Number: 10373059
Lot Size: 0.14
Listing Status: Active
List Price: $ 525,000

0 BR / 0 BA Other – Oliver

BUILDING ONLY — Prime investment opportunity in the heart of downtown Oliver! This 4,365 sq ft commercial building offers three well-positioned storefronts with outstanding exposure along the town’s main vehicular corridor. Surrounded by three major banks, the property benefits from strong pedestrian and vehicle traffic throughout the day. The owner currently operates an East Indian grocery store from one unit and will lease it back on a secure 5-year term. The remaining two units have recently been leased, each with 5-year terms in place, providing stable and predictable income from day one. At the rear of the building, four dedicated parking stalls with access to a shared common area enhance convenience for both customers and staff. An excellent opportunity for investors or owner-users seeking a fully leased, high-visibility asset in a vibrant downtown core. Offered at over a 6.5% cap rate at the asking price. (id:6769)

Construction Info

Sewer: Municipal sewage system

Rooms Dimension

Listing Agent:

JB Bansoota
(250) 486-6339

Brokerage:

RE/MAX Wine Capital Realty
(250) 498-6500
MLS - Realtor Logo