Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 6.5% cap rate. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio. (id:44393)
| MLS® Number | 10400786 |
| Property Type | Retail |
| Neigbourhood | NE Salmon Arm |
| Cooling Type | Central Air Conditioning |
| Heating Type | Other |
| Size Interior | 6,600 Ft2 |
| Type | Retail |
| Utility Water | Municipal Water |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac|under 1 Acre |
| Size Total Text | 0.11 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/30289422/141-shuswap-street-ne-salmon-arm-ne-salmon-arm
Contact us for more information
Jordan Grieve
Personal Real Estate Corporation
(250) 832-7871
(250) 832-7573
Jim Grieve
Personal Real Estate Corporation
(250) 832-7871
(250) 832-7573
Nathan Grieve
Personal Real Estate Corporation
(250) 832-7871
(250) 832-7573
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
