Download the brochure at the link below for more info. 1127 4th Street offers an exciting investment opportunity, with +$400,000 invested into base building and tenant improvements within the last ~1.5 years. Several tenants have signed long-term leases including Pizza Pizza, Assante Wealth, West Kootenay Septic, and HAGER Orthopaedic, with an avg. term of 3.8 yrs overall, providing a strong and stable income base. Short-term tenants with current rents ~30% below market overall, offer substantial income upside. With +235 feet of retail frontage and C4 zoning on a 0.34-acre site, the Property offers an extremely high profile corner location with tremendous exposure and long-term redevelopment upside. Featuring operationally independent units, the property may also lend itself to a "strata/subdivision and resale" strategy. 1127 4th Street is being offered for sale with 331 Columbia Avenue (see MLS number 2475452), available either individually or as a package. The seller may also consider seller financing structures. (id:4069)
| Address |
1127 4TH STREET |
| List Price |
$2,500,000 |
| Property Type |
Retail |
| Area |
British Columbia |
| Sub-Area |
North Castlegar |
| Floor Area |
15,196 Sq. Ft. |
| MLS® Number |
2475451 |
| Listing Brokerage |
Royal LePage Kelowna
|
| Postal Code |
V1N2A8 |
| Site Influences |
Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores |
| Features |
Central location, Corner Site, Visual exposure, Flat site, Other, Level |
| Amenities |
Storage - Locker |
