$560,000
$575,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
148 Morison Ave Parksville, BC V9P 2H5
2,178 Sqft Lot
Key Details
Sold Price $560,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 876217
Sold Date 06/30/21
Rental Info Unrestricted
Year Built 1971
Annual Tax Amount $5,699
Tax Year 2020
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Parksville Downtown Commercial Building with 2 Units. Fully leased with 2 excellent long-term tenants. This building is in great condition and has been well maintained making it an attractive low-maintenance investment. Leases are both Triple Net and are current until 2023. This investment provides a 4.85% CAP rate at the asking price. Income to owner is $27,888/year ($17.52/sf x 1591sf) There is on-street parking out front and 4 stalls in the back. Each unit includes rear entrance, storage room, and 2 pce bath. Prime location at a reasonable price. This is a great opportunity to get into commercial real estate investment or add to your existing portfolio. Showing by appointment only, please do not disturb tenants.
Location
State BC
County Parksville, City Of
Area Pq Parksville
Zoning C-3
Interior
Heating Electric
Flooring Mixed
Exterior
Parking On Site 1
Building
Lot Description Easy Access
Story 1
Sewer Sewer Connected
Water Municipal
Structure Type Block
Others
Tax ID 007-341-261
Ownership Freehold
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Bought with Royal LePage Parksville-Qualicum Beach Realty (PK)