$1,549,000

9901 Main Street, Summerland

Summerland Rural, Summerland, BC V0H1Z0

5,244 sq ft · Commercial

Listed by Venture Realty Corp.

About this property

**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:67417)

Property details

Price

$1,549,000

MLS® number

10396799

Property type

Commercial · Retail

Living area

5,244 sq ft

Community

Summerland Rural, Summerland

View on map