Dean Thompson
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485 5TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley) : MLS® # 431016

485 5TH STREET COURTENAY : Z2 Courtenay City

Main Photo: 485 5TH STREET in COURTENAY: Z2 Courtenay City Building And Land for sale (Zone 2 - Comox Valley)  : MLS® # 431016
$1,200,000
Prop. Type:
Building And Land
MLS® Num:
431016
Status:
Active
Bus Major:
Miscellaneous
Fully restored commercial building located on a busy corner location along the historic 5th Street in downtown Courtenay. It's currently tenanted to three established businesses with long term leases producing a 5.1% cap rate. This building was completely renovated & brought to code in 2009 after it experienced fire damage. The list of updates includes 4 phase electrical, new roof, new siding and reinforced foundation. There is a main utility room & each tenant also has its own mechanical room with furnace, heat pump & panel. Invest in hip downtown Courtenay & realize the gains of its continued future growth.
Total Floor Area:
Switch units of measure4,152 sq. ft.
Lot Size:
Switch units of measure0.14 acre(s)
Lot Shape:
RECTANGULAR
Unit Rentable Area:
Switch units of measure4,129 sq. ft.
Property Type:
Building And Land
Title:
Freehold
Major Business Type:
Miscellaneous
Air Conditioning Fully, Signs Allowed, Store Front, Tenant Improvement, Wheelchair Access
Land And Services:
Level, Public Trans. Nearby, Shopping Nearby, Visual exposure, See Remarks, Corner Site
Date Listed:
Sep 20, 2017
Original Price:
$1,200,000
Listing information last updated on Dec 13, 2017 7:11 PM
Dean Thompson