Listing Details for 10862 Chemainus Rd, Saltair - MLS® #841419

Other Commercial Mix For Sale 870,000

Commercial Mix For Sale at $870,000

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Basic Details

Listing ID
21949067
MLS® Number
841419
Street Address
10862 Chemainus Rd
Street Number
10862
Street Name
Chemainus
City
Saltair
Postal Code
V9G2A4
Property Type
Other
Price
870,000
Ownership Type
Freehold
Zoning Description
C-2A
Municipal Id
030-980-542
Neighbourhood
Saltair
Features
Curb & gutter, Level lot, Park setting, Partially cleared, Other
Zoning Type
Commercial
More Details...

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Property Description

Stocking Creek Village is a 1.4 acre parcel with water, hydro and a Type 3 septic plant. C-2A zoning allows multiple commercial uses. A Development Permit is in place to build two large buildings and 14 small buildings. One large building is finished and leased to a coffee shop and a gelato business. The foundation is complete for the second large building. The 14 small buildings provide a unique opportunity for businesses that decide to downsize in light of today's economic realities. The $870,000 purchase price is based on a June 2, 2020 independent appraisal. Forecast profits from this development project are generous; and mortgage payments for building purchasers at today's interest rates are competitive with current market rents. Stocking Creek Village is an exciting development opportunity supported by positive demographics, new business realities, existing anchor tenancies and a development plan that is implementation - ready. See https://buildout.com/website/568484-sale. (id:8145)

Full Details

Land

Size
1.41 ac
Acreage
Yes
Irregular
1.41

Building

Constructed Date
2018
Size (Interior)
1640 sqft
Building Type
Commercial Mix
Cooling Type
See Remarks
Heating Type
Heat Pump
Top

Business

Business Name
STOCKING CREEK VILLAGE INC

Listed by Coldwell Banker Oceanside Real Estate

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

Listing information last updated on Fri, 21 Aug 2020 01:52:40 GMT.