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$1,549,000

Est. payment - /mo

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5,244 SqFt

Active

9901 Main Street Summerland, BC V0H1Z0

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Andrew Loewen

andrew.loewen@exprealty.com +1(250) 801-6713

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5244

Square Footage 5,244 sqft

Price per Sqft $295

Subdivision Summerland Rural

MLS® Listing ID 10396799

Property Description

**LIMITED TIME OFFERING** Previously listed at $1,599,000; now offered at $1,549,000. PRICED TO SELL. Rare opportunity to acquire a fully leased, income-producing commercial property in the heart of downtown Summerland at 9901 Main Street. This mixed-use asset comprises approximately 5,244 SF with five commercial tenants in place, including two ground-floor retail units and three office tenants, providing a diversified and stable income stream. Offered at an attractive approximate 6.3% capitalization rate, the property delivers immediate cash flow with future upside through rental growth, as select tenancies offer the ability to increase rents toward market over time. An excellent opportunity for investors seeking a fully stabilized, low-maintenance commercial asset in a supply-constrained downtown market with long-term appreciation potential. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Listed by Venture Realty Corp.

NEARBY SCHOOL & BUSINESS

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Andrew Loewen

Agent | License ID: 181959

+1(250) 801-6713

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9901 Main Street Summerland, BC V0H1Z0

Andrew Loewen

Key Details

Location

Rooms

Exterior

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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9901 Main Street