$1,199,000
This nicely updated commercial building with several rental streams is centrally located in downtown Summerland! With a total of 9 units, 2 being vacant and 7 occupied by great tenants. The yearly rental income is over $76,000 per year with room to increase! 2 stories tall and situated on a good sized .15 acre corner lot with lane access and tons of parking in the rear. Main floor has an H&R Block office, bathroom, cabinet company and a school. Upstairs are 6 other office spaces, most are rented and all connected with common hallways leading to two stairwells down to the lower street level. There is a small kitchenette and bathroom on the upper level. A new roof is being installed in the next month and the whole building looks well taken care of. Excellent location with amazing future development potential! (id:23267)
Property Details
MLS® Number
|
10354066 |
Property Type
|
Other |
Neigbourhood
|
Main Town |
Amenities Near By
|
Golf Nearby, Recreation, Schools, Shopping |
Community Features
|
High Traffic Area |
Building
Constructed Date
|
1971 |
Heating Fuel
|
Electric |
Type
|
Residential Commercial Mix |
Utility Water
|
Municipal Water |
Parking
Land
Acreage
|
No |
Current Use
|
Mixed Use |
Land Amenities
|
Golf Nearby, Recreation, Schools, Shopping |
Sewer
|
Municipal Sewage System |
Size Irregular
|
0.15 |
Size Total
|
0.15 Ac|under 1 Acre |
Size Total Text
|
0.15 Ac|under 1 Acre |
Zoning Type
|
Unknown |
https://www.realtor.ca/real-estate/28532929/13201-victoria-road-summerland-main-town