9939 HIGHWAY 101 Active Save Request In-Person Tour Request Virtual Tour
Powell River,BC V8A0K1
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 18491
Originating Board Powell River Sunshine Coast Real Estate Board
Property Description
This mixed-use property offers strong cash flow and future development potential. It includes two sections: Section A features a commercial building leased to a grocery and liquor store, generating reliable income under a 18-year NNN lease. The tenant covers property taxes, insurance, and maintenance, ensuring minimal landlord involvement. Section B is a vacant lot with significant development potential, offering flexibility for future commercial or retail projects. With a projected rental profit of $ 1.8 million over the next 18 years and 2% annual rent increases, this property is a solid investment. Whether seeking consistent returns or long-term growth, this opportunity in the vibrant Powell River market is not to be missed. A solid investment opportunity with minimal landlord involvement. Invest today in this prime location with a stable lease and exciting future possibilities! (id:24570)
Location
Province BC
Exterior
Parking Features No
View Y/N No
Private Pool No