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$ 1,100,000
Est. payment | /mo
7,030 SqFt
$ 1,100,000
Est. payment | /mo
7,030 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,030 sqft
Price per Sqft $156
MLS® Listing ID C8070599
Year Built 1978
Lot Size 0.420 Acres
Acres 0.42
Source BC Northern Real Estate Board
Property Description
Attention Investors & Medical Professionals - This is your chance to own a versatile income-generating asset in the heart of Terrace, BC. This 7,000 sqft professional building sits on a large C5-zoned lot with ample on-site parking, offering both commercial flexibility and residential potential. A new roof adds to the long-term value, while a 9.17% cap rate and $9,700/month in base lease revenue make this a sound investment. The main level features an open-concept layout, allowing for a variety of medical, wellness, or office configurations. Complete with a kitchen, laundry area, staff and guest bathrooms (including shower), it's turnkey-ready. The lower level includes a bright, self-contained suite with a private entrance, full kitchen, and 4-piece bath-perfect for staff housing or an additional rental stream. The other half of the lower level has its own entrance and is currently leased to a business with access to two private bathrooms. Plus tons of storage. Don't miss out! (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Virtual Tour https://vimeo.com/1102245552
Listed by RE/MAX Coast Mountains
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Gabriela Humeniuk
Real Broker