9901 Main Street, Summerland - Retail for Sale
9901 Main Street, Summerland, British Columbia, V0H1Z0
$1,549,000
Summerland
9901 Main Street, Summerland, British Columbia, V0H1Z0
$1,549,000
Summerland
This retail property in Summerland is for sale offering roughly 5,244 sq ft of space. It has been on the market 91 days, fresher than the Summerland average of 132 days.
**LIMITED TIME OFFERING** Previously listed at $1,599,000; now offered at $1,549,000. PRICED TO SELL. Rare opportunity to acquire a fully leased, income-producing commercial property in the heart of downtown Summerland at 9901 Main Street. This mixed-use asset comprises approximately 5,244 SF with five commercial tenants in place, including two ground-floor retail units and three office tenants, providing a diversified and stable income stream. Offered at an attractive approximate 6.3% capitalization rate, the property delivers immediate cash flow with future upside through rental growth, as select tenancies offer the ability to increase rents toward market over time. An excellent opportunity for investors seeking a fully stabilized, low-maintenance commercial asset in a supply-constrained downtown market with long-term appreciation potential. (id:66096)
Long Listed: 91 days on market, against an average age of 132 days across the listings currently for sale in this city
This retail in Summerland has been listed for 91 days, which is 41 days fresher than the city average of 132. Act while there is still low competition.
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