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45789 SPADINA Avenue
Chilliwack Downtown Chilliwack V2P 1T5

$2,350,000
Office, Retail

Main Photo: 45789 SPADINA Avenue in Chilliwack: Chilliwack Downtown Office for sale : MLS®# C8061545
Photo 1: 45789 SPADINA Avenue in Chilliwack: Chilliwack Downtown Office for sale : MLS®# C8061545
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Status:
Active
Prop. Type:
Office, Retail
MLS® Num:
C8061545
Build. Type:
Freestanding
A well maintained single level commercial building fully leased and located on a high traffic corner with 6 retail stores and one office space. Features include a brick and cement block exterior, roof replaced 2009, 7 new HVAC's units in last 5 years, separate gas and electric meters, secured entry to rear office space. Properties in close proximity are under redevelopment and will add a substantial number of new residences. This multi-tenant building is an ideal investment as current lease rates are below market providing an opportunity to increase income and accordingly add value. OCP - Urban Quarter: Mixed use Future Development Potential retail at street level with office and residential above. Subject to regulation. An investment with an upside!! Call to obtain the detailed information package and to set up your private viewing ... DO NOT CONTACT TENANTS.
Sale Type:
Asset
Sublease:
No
Construction:
Concrete Block
Building Type:
Freestanding, Commercial Mix, Street-Level Storefront
Name of Complex/Subdivision:
# Bldgs:
1
# Other Units:
# Storeys:
1.0
Year built:
1962 (Age: 62)
Total Floor Area:
6,661 sq. ft.
Lot Area:
9,322 sq. ft.
Land Use/Zoning:
C3
Permitted Use:
Office, Retail
Taxes:
$18,246.74 / 2023
Air Conditioning, HVAC System, Storefront
Services Connected:
Fully Serviced, Paved Streets, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Forced Air, Rooftop, Separate Controls
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by RE/MAX Bob Plowright Realty
Data was last updated December 23, 2024 at 07:10 PM (UTC)
ALEX REN
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