Parksville Downtown Commercial Building with 2 Units. Fully leased with 2 excellent long-term tenants. This building is in great condition and has been well maintained making it an attractive low-maintenance investment. Leases are both Triple Net and are current until 2023. This investment provides a 4.85% CAP rate at the asking price. Income to owner is $27,888/year ($17.52/sf x 1591sf) There is on-street parking out front and 4 stalls in the back. Each unit includes rear entrance, storage room, and 2 pce bath. Prime location at a reasonable price. This is a great opportunity to get into commercial real estate investment or add to your existing portfolio. Showing by appointment only, please do not disturb tenants.
Listed by Royal LePage Parksville-Qualicum Beach Realty (PBO), sold on June, 2021
Data was last updated February 3, 2023 at 04:05 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$314,950
Min list price:
$16
Max list price:
$3,100,000
Avg days on market:
68
Min days on market:
11
Max days on market:
261
These statistics are generated based on the current listing's property type
and located in
PQ Parksville. Average values are
derived using median calculations.