$1,099,000
Salmon Arm
141 Shuswap Street Northwest, Salmon Arm, British Columbia, V1E4N6
This retail property in Salmon Arm is for sale offering roughly 6,600 sq ft of space. It has been on the market 49 days, fresher than the Salmon Arm average of 141 days.
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 5.7% cap rate at current rates that escaltes over 6%. 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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 49 days on market, against an average age of 141 days across the listings currently for sale in this city
This retail in Salmon Arm has been listed for 49 days, which is 92 days fresher than the city average of 141. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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