$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:60626)
Property Details
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MLS® Number
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10354066 |
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Property Type
|
Other |
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Neigbourhood
|
Main Town |
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Amenities Near By
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Golf Nearby, Recreation, Schools, Shopping |
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Community Features
|
High Traffic Area |
Building
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Constructed Date
|
1971 |
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Heating Fuel
|
Electric |
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Type
|
Residential Commercial Mix |
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Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Current Use
|
Mixed Use |
|
Land Amenities
|
Golf Nearby, Recreation, Schools, Shopping |
|
Sewer
|
Municipal Sewage System |
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Size Irregular
|
0.15 |
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Size Total
|
0.15 Ac|under 1 Acre |
|
Size Total Text
|
0.15 Ac|under 1 Acre |
|
Zoning Type
|
Unknown |
