Located in a busy area of Campbell River BC, this opportunity consists of 2 Separate parcels of land (totaling approx. 2.09 Acres), 3 single story buildings containing 18 Commercial rental units (approx. 27547 sq. ft of rentable space). Current Cap rate is approximately at 5.9%. There is plenty of upside as current rents are slightly below market rate and there is room for additional buildings on the site. Historically the vacancies have been few and far between. The zoning C-1 provides many uses and possibilities. Recent upgrades include repaving a portion of the lot as well as some painting upgrades.
Address
1241 Ironwood St
List Price
$4,599,900
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Campbell River
Sub-Area
CR Campbell River Central
Lot Size
91040.4 Sq. Ft.
Lot Size (Acres)
2.09 Ac.
MLS® Number
1024110
Listing Brokerage
Royal LePage-Comox Valley (CV)
Postal Code
V9W 5T4
Tax Amount
$69,404.00
Tax Year
2025
Amenities
Central Location, Easy Access, Rectangular Lot, Shopping Nearby
