$1,099,000

141 Shuswap Street NE, Salmon Arm

NE Salmon Arm, Salmon Arm, BC V1E4N6

6,600 sq ft · Commercial

Listed by Homelife Salmon Arm Realty.Com

About this property

Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 6.5% cap rate. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio. (id:67417)

Property details

Price

$1,099,000

MLS® number

10400786

Property type

Commercial · Retail

Living area

6,600 sq ft

Lot size

0.11 acres · 0.11

Annual taxes

$9,877

Community

NE Salmon Arm, Salmon Arm

Features

Heating

Other

Cooling

Central air conditioning

Water

Municipal water

Sewer

Municipal sewage system

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