BEST CORNER LOCATION In the HEART of DOWNTOWN CHILIWACK "˜district 1881.' This Property offers is a great investment opportunity for investors. It offers not only CAP Rate of 6.7% but also has potential for future higher density redevelopment according to the Chiliwack downtown land use plan. This beautiful Building has been fully renovated and has a good tenant. Red Chillies Sports Bar Restaurant has a 5 year escalating lease as of September 2022). New windows, new roof, new HVAC and exterior facade remodelled to retain the old world charm. Solid investment in the downtown vibrant bustling community. District 1881 in Downtown Chilliwack is a neighbourhood of distinctive architecture and historic buildings cross crossed by pedestrian alley, unique office spaces, locally owned restaurants, breweries and retail shops. Great tenant guaranteeing a good income. Call Realtors for Information Package with all the details. (id:47423)
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Detailed Information
Listing Contract Date
2025-01-28
Property Type
Retail
Transaction Type
For sale
Building
Constructed Date
1972
Land
Total Size
0.12 acres
Size of Irregular Land
0.12
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