$1,588,000

9206 Shale Avenue, Summerland

Main Town, Summerland, BC V0H1Z2

5,160 sq ft · Commercial

Listed by Royal LePage Parkside Realty · Joe Peters

About this property

Outstanding industrial/commercial investment opportunity in Summerland. This 5,160 sq ft mixed-use building on 21,823 sq ft (0.501 acres) is designed like a duplex, with two commercial units plus a top-floor caretaker residence (4,693 sq ft commercial + 467 sq ft residential). Unit 102 is currently occupied by Crush Dynamics at a base rent of $3,322.50/month on a triple-net basis, with estimated additional rent recoveries of $4.25/sq ft (~ $11,296.50/year), while Unit 101 is vacant and available for lease or owner occupancy. The caretaker suite generates an additional $700/month , bringing current base rental income to $4,022.50/month ($48,270/year). The vacant commercial unit provides immediate flexibility for an owner-user or the opportunity to increase rental income through a new tenancy. Two front-facing 14’H x 12’W bay doors and 19’ ceilings make the property adaptable to a wide range of operations. The paved yard features dual access, ample parking, and additional Seacan storage at the rear. Well maintained and situated in a key industrial area with excellent access, this property is a turnkey opportunity for investors or businesses seeking income, growth, and operational versatility. (id:67417)

Property details

Price

$1,588,000

MLS® number

10362006

Property type

Commercial · Other · Industrial

Ownership

Freehold

Living area

5,160 sq ft

Lot size

0.5 acres · 0.5

Year built

2010

Annual taxes

$12,470

Community

Main Town, Summerland

Features

Heating

Forced air

Cooling

Central air conditioning

Roof

Asphalt shingle, Unknown

Exterior

Other

Water

Municipal water

Sewer

Municipal sewage system

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