This mixed-use property offers strong cash flow and future development potential. It includes two sections: Section A features a commercial building leased to a grocery and liquor store, generating reliable income under a 18-year NNN lease. The tenant covers property taxes, insurance, and maintenance, ensuring minimal landlord involvement. Section B is a vacant lot with significant development potential, offering flexibility for future commercial or retail projects. With a projected rental profit of $ 1.8 million over the next 18 years and 2% annual rent increases, this property is a solid investment. Whether seeking consistent returns or long-term growth, this opportunity in the vibrant Powell River market is not to be missed. A solid investment opportunity with minimal landlord involvement. Invest today in this prime location with a stable lease and exciting future possibilities! (id:4069)
Address
9939 HIGHWAY 101
List Price
$2,648,000
Property Type
Business
Area
British Columbia
Sub-Area
Powell River
Lot Size
irregular Sq. Ft.
MLS® Number
18491
Listing Brokerage
Royal Pacific Tri-Cities Realty
Postal Code
V8A0K1
