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$800,000
Est. payment /mo
770 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 770
Square Footage 770 sqft
Price per Sqft $1,038
MLS® Listing ID C8082330
Condo Fees $671/mo
Year Built 1994
Property Description
Prime Retail Investment Opportunity in West Cambie, Richmond. Located in the busy President Plaza in West Cambie, Richmond, this rare retail investment opportunity features a spacious 770 sqft premise with excellent visibility and strong commercial exposure. The property was originally designed with a circular layout and was renovated into a more functional square-shaped space based on the previous owner's preference, allowing for more efficient use of the premises for their intended purpose. The actual physical space is larger than the area currently being utilized. The property is occupied by a long-term established tenant, generating a capitalization rate of 5.7% and offering an attractive combination of stable tenancy and investment potential. The premises may be suitable for a variety of commercial uses, providing flexibility for future owners and investors. A rare opportunity to acquire a well-located retail property with an established tenant and attractive income potential. Don't miss. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
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Listed by Sutton Group-West Coast Realty
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Kevin Scharfenberg
Personal Real Estate Corporation License ID: 180491
Personal Real Estate Corporation License ID: 180491