Space
Finished area and layout
- Living Area
- 5,244 sqft
+1 more
5,244 sqft
Living Area
1930
Year Built
Property Snapshot
Key details for this listing
MLS #10396799
Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
- Year Built
- 1930
Lot
Land, frontage and setting
- Neighbourhood
- Summerland Rural
About This Property
This retail in Summerland offers 5,244 sqft of living area. Built in 1930.
MLS Remarks
**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:60351)
Documents & Attachments
Full Listing Details
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