4605 LAZELLE Avenue, Terrace - Retail for Sale

Description

Exceptional downtown investment opportunity! This C1-zoned mixed-use building offers outstanding exposure in a prime central location. The two-storey building with basement features approximately 12,900 sq ft of ground-floor commercial plaza space occupied by 9 tenants, plus 9,000 sq ft of basement storage and service areas. The 9,000 sq ft second floor offers 12 residential units, including 10 bachelor suites and 2 one-bedroom units. Fully occupied, this property provides a diverse income stream from both commercial and residential tenancies. A rare opportunity to own a substantial, income-producing asset in the heart of downtown! 7.3% cap rate. (id:66096)

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