9901 Main Street,Summerland, BC V0H1Z0
Summerland, BC V0H1Z0
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:13843)
Details
| MLS # | 10396799 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Days On Site | 96 |
| Listing Provided By | Venture Realty Corp. | Christopher Wills |
Features
| SQ Feet | 5,244 |
|---|
Interior
| Fireplace Yes / No | No |
|---|
Area Information
| Province | BC |
|---|---|
| City | Summerland |
| Postal Code | V0H1Z0 |
| Listing VS Median (in V0H1Z0) | |
Price: $1,549,000 low | high Med: $650,000 sqft: 5,244 low | high Med: 1,653 $ / sqft: $295 low | high Med: $393 On site: 96 low | high Med: 6 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Summerland |
| Postal Code | V0H1Z0 |
| Listing VS Median (in V0H1Z0) | |
Price: $1,549,000 low | high Med: $650,000 sqft: 5,244 low | high Med: 1,653 $ / sqft: $295 low | high Med: $393 On site: 96 low | high Med: 6 | |
