$1,039,999
Unlock Price Rating!

2229 2233 6TH AVENUE, South Castlegar, BC V1N2W1

- Beds
0 Baths
7,529 Sq Ft

INDUSTRIAL DEVELOPERS AND INVESTORS - Outstanding industrial investment opportunity includes two side-by-side industrial properties (2229 & 2233 6th Avenue) totaling .6334 acres in Castlegar, BC. National tenant with a recently signed lease occupies the 7, 529 SF industrial building with 3 grade level loading bays and leases the 2 adjoining properties. Current CAP rate is 8.4 (at ask) but will increase every year with the negotiated escalation in rates through the term of the lease. Final year of the lease will see a CAP rate of 9. 5 for the year ending July 31, 2028. M 1 - Light Industrial zoning provides potential for further densification of the properties through redevelopment for almost 50, 000 SF at max FAR and building heights up to 3 stories. The current lease will provide substantial cash flow and holding income until the properties are ready to be further redeveloped. (id:55598)

  • MLS® 2479268
  • Date Listed08/26/2024
  • Days on Realty 27 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Subdivision South Castlegar
  • Year Built 1975
  • Square Feet 7,529 sq. ft
  • Price Per Sq. Ft $138.13

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Sales & Tax History

Source: Public Records

Walkability in BC / V1N2W1

Source: Walkscore

47/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

31/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 12/100, Transit Score: 0/100, Bike Score: 23/100.

Points of interest near 2229 2233 6TH AVENUE, South Castlegar, BC V1N2W1

Frequently Asked Questions for 2229 2233 6TH AVENUE

Source: Realty.com

2229 2233 6TH AVENUE, South Castlegar, BC V1N2W1 is a Other, Other property listed for $1,039,999 The property is 7529 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 19 photos of 2229 2233 6TH AVENUE.

Our records indicate that 2229 2233 6TH AVENUE was built in 1975.

The full address for this home is 2229 2233 6TH AVENUE, South Castlegar, BC V1N2W1.

2229 2233 6TH AVENUE has been listed on Realty.com since Mon August 26, 2024

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 12/100, Transit Score: 0/100, Bike Score: 23/100.

Listing provided courtesy of: RE/MAX Kelowna (tel: (250) 717-5000)
Listing agent: Kris McLaughlin (tel: (250) 717-5000)

This content last refreshed on 2024-09-22 18:29:27. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 2229 2233 6TH AVENUE, South Castlegar, BC V1N2W1 : MLS® 2479268