Great investment opportunity in the heart of Downtown Grand Forks! Offering an impressive 7% cap rate and with 7434 ft2 over two levels, this multi-use commercial property is in a prime central location with plenty of foot traffic and free parking. The lower level is split into two retail stores, both currently leased. 275 Market Ave has a store space of approx. 1440 ft2, with additional storage space, and is currently occupied by a consignment clothing store. 283 Market Ave has a store space of approx. 1288 ft2, with additional storage space, and is currently leased by the popular Avalon Gardens store. The upper level has two large apartment units, both with tenants in place. Unit 2 is approx. 1497 ft2, with 2 bedrooms, 1 bathroom, kitchen, very large living room, and an in-suite laundry. Unit 1 is approx. 1360 ft2, with 1 bedroom, 1 office/den, kitchen, very large living room, in-suite laundry and bathroom. For interested parties, full financial information is available, along with detailed floor plans, virtual tour and other supporting documentation. (id:44393)
| MLS® Number | 10362472 |
| Property Type | Other |
| Neigbourhood | Grand Forks |
| Constructed Date | 1930 |
| Cooling Type | Central Air Conditioning |
| Heating Type | Forced Air |
| Roof Material | Other |
| Roof Style | Unknown |
| Size Interior | 7,434 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | No |
| Current Use | Mixed Use |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.09 |
| Size Total | 0.09 Ac|under 1 Acre |
| Size Total Text | 0.09 Ac|under 1 Acre |
| Zoning Type | Commercial |
https://www.realtor.ca/real-estate/28864634/283-market-avenue-grand-forks-grand-forks
Contact us for more information
James Tyler
(250) 442-2711
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