Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
- Year Built
- 1960
0.48 ac
Lot
1960
Year Built
Property Snapshot
Key details for this listing
MLS #C8082900
Lot
Land, frontage and setting
- Lot
- 0.48 ac - 0.48
Costs
Price, taxes and monthly charges
- List Price
- $2,980,000
About This Property
This retail in Terrace offers a 0.48 ac lot. Built in 1960. The property has lot dimensions of 0.48.
MLS Remarks
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:60351)
Full Listing Details
Address4605 LAZELLE AVENUE
MLS#C8082900
Listing StatusActive
Property TypeCommercial
Sub-TypeRetail
TransactionSale
Days on Market6
StyleRetail
Year Built1960
Living Area21,064 sqft
CityTerrace
ProvinceBritish Columbia
Postal CodeV8G1S3
Lot Size0.48 ac
Lot Dimensions0.48
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