Property for sale in Summerland, British Columbia. Listed at $1,549,000.
5244 sq ft
MLS® 30117817
**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:27495)
Listing courtesy of Venture Realty Corp. · Christopher Wills
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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