Rarely will you find such a location and renovation at such an attainable price point. over 6% cape rate .This fully-renovated mixed-use building is located at the corner of 3rd Avenue and Dominion Street in the heart of Prince George. The entire building was renovated in 2016/17. Everything has been updated - electrical, mechanical, roof, windows, and interiors. A brand-new fire panel was installed in 2022. As a result, the asset is in exceptionally good condition and will provide stable income for decades. Cap rate is 5% Commercial tenants are stable with long term leases. Prince George is a growing regional centre with a diverse economy including health care, retail, manufacturing, construction, natural gas, mining, forestry, education and so much more. Very secure long term tenant with newly signed lease. (id:47423)
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Detailed Information
Listing Contract Date
2024-09-13
Property Type
Retail
Road
Paved road
Transaction Type
For sale
Business
Business Type
Accommodation
Business Subtype
Boarding house
Building
Amenities
Street Lighting, Storefront
Land
Total Size
0.07 acres
Size of Irregular Land
0.07
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