$1,375,000
$1,550,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
712-714 View St Victoria, BC V8W 1J8
3,484 Sqft Lot
Key Details
Sold Price $1,375,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 944091
Sold Date 05/15/24
Rental Info Unrestricted
Year Built 1929
Annual Tax Amount $10,992
Tax Year 2022
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Prime retail investment opportunity in Downtown Victoria for sale. Opportunity to acquire a free-standing single tenanted retail building in the heart of downtown Victoria. This well located property comprises a rectangular site with approximately 5,688 SF of rentable area and +/- 30 feet of street frontage along View Street. Investment Highlights
• Hands off investment opportunity with a quality long term tenant who has occupied the space for 17 years
• New triple net lease with Sapphire Day Spa provides secure income growth
• Long term high density redevelopment potential
• 5.87% cap rate
Please do not approach tenant or their staff.
Location
State BC
County Capital Regional District
Area Vi Downtown
Zoning CBD-1
Others
Tax ID 003-141-047
Ownership Freehold
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Colliers