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REDUCED PRICE! Unbelievable Commercial Real Estate Investment-8 Units!

British Columbia
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Asking Price:$999,000
Inventory:$50,000
Gross Revenue:$87,000
Real Estate:$999,000
Listing ID: 1967540Listing provided by BizBuySell
BUSINESS DESCRIPTION

INVESTOR, Are you looking for a nice passive income stream?

SELLER REDUCED PRICE ---Cap Rate 8.7% with a new price!

LOCATION, LOCATION, LOCATION This 11,800 sq. ft Iconic Brick and Granite building on Hwy 3 Downtown Greenwood BC is revenue-generating and FULLY RENTED! This building has been updated to today's standards.

Real Estate is scorching HOT! This Won't Last Long!

The 3 lower-level units' are leased by premium tenants which include a Credit Union, retail store, and BC Liquor!

The upstairs has 5 suites available for rental. Current ownership occupies two suites. The other 3 suites are occupied by long-term renters.

Ownership will sell their existing business separately however they're open to discussions on their business depending on the offer and if the new owner wishes to continue to operate. The existing cap rate is over 8%.

DETAILED INFORMATION
Location
British Columbia
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
11,800
Employees
2
Facilities
Class "A" tenants in place. Multiple revenue streams!
Growth & Expansion
The store serves the entire boundary area. Greenwood, midway, rock creek, Christian valley, Beaverdale, and even Grand Forks shops here.
Reason for Selling
Wanting to retire additionally the sellers have elderly parents that require att
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