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$ 2,360,000
Est. payment /mo
Active
219 Vermillion Avenue Princeton, BC V0X1W0
17,132 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 17,132 sqft
Price per Sqft $137
Subdivision Princeton
MLS® Listing ID 10367051
Year Built 1961
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Opportunity to obtain an extensively renovated multi-tenanted mixed-use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units were upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price, with a solid tenant mix, makes this a smart investment for the future. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Others
Ownership Freehold
Listed by RE/MAX Bob Plowright Realty