Exceptional industrial investment and future development opportunity on 2.43 acres along Yale Road West. The property features a 15,703 sq. ft. industrial building and is fully leased to a quality tenant, generating $400,000+ in annual net income and providing strong holding income from day one. Well equipped for its current use, the real long-term opportunity lies in the property's significant development potential. Investors can secure a substantial industrial site today while benefiting from immediate income, then explore opportunities to expand the existing improvements, construct additional buildings, or redevelop the property to accommodate multiple tenants and increase future rental income. With a prime industrial location, strong in-place income, and excellent long-term upside, this is an ideal opportunity for investors seeking both immediate returns and future growth. (id:13843)
| MLS # | C8081333 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1992 |
| Days On Site | 78 |
| Listing Provided By | RE/MAX Bob Plowright Realty | Bob Plowright |
| SQ Feet | 15,703 |
|---|---|
| Acreage | 2.43 |
| Fireplace Yes / No | No |
|---|
| Security Features | Security system |
|---|
| Parking Features | Visitor Parking |
|---|
| Electric | Three Phase |
|---|
| Tax Year | 2026 |
|---|
| Province | BC |
|---|---|
| City | Chilliwack |
| Postal Code | V2R4H3 |
| Listing VS Median (in V2R4H3) | |
Price: $11,199,000 low | high Med: $11,199,000 sqft: 15,703 low | high Med: 15,703 $ / sqft: $713 low | high Med: $713 On site: 78 low | high Med: 78 | |
| Province | BC |
|---|---|
| City | Chilliwack |
| Postal Code | V2R4H3 |
| Listing VS Median (in V2R4H3) | |
Price: $11,199,000 low | high Med: $11,199,000 sqft: 15,703 low | high Med: 15,703 $ / sqft: $713 low | high Med: $713 On site: 78 low | high Med: 78 | |