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$1,598,888
Est. payment /mo
4,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,780 sqft
Price per Sqft $334
Subdivision North Kamloops
MLS® Listing ID 10372620
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Freehold
Property Description
Excellent redevelopment opportunity along the highly visible Tranquille corridor. This centrally located mixed-use property is fully tenanted and consists of two street-front commercial units with three residential units above, offering immediate holding income. The building provides approximately 4,780 sq. ft. of gross leasable area (approximately 5,000 sq. ft. total) and sits on an 11,819 sq. ft. parcel with access from both Tranquille Road and Hilltop Avenue. Zoned CNS, the property allows for a wide range of future redevelopment options including mixed-use commercial/residential, hotel, office, and retail uses. Current commercial leases in place providing flexibility for future planning. Municipal tax incentives are available for qualifying redevelopment projects. Located in an area undergoing significant revitalization, this property presents a rare opportunity to secure a strategic asset on the North Shore with strong long-term upside. Ideal for investors or developers seeking income today with redevelopment potential tomorrow. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 14
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Brendan Shaw Real Estate
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Kevin Scharfenberg
Personal Real Estate Corporation | License ID: 180491
Personal Real Estate Corporation License ID: 180491