141 Shuswap Street NE
Salmon Arm, British Columbia
MLS® 10400786
$1,099,000
- Status
- Active
- Property type
- Retail
- MLS® number
- 10400786
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 32Listing description
Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft.
commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 6. 5% cap rate. The building offers approximately 3,300 sq.
ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems.
With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio.
Property summary
- MLS® number
- 10400786
- Property type
- Retail
- Building type
- Retail
- Square footage
- 6,600 sq ft
- Land size
- 0.11 acres
- Annual property taxes
- $9,876.57
- Days on market
- 3 days
Features & details
- Heating
- Other
- Cooling
- Central air conditioning
What would this home cost you?
Based on the $1,099,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Homelife Salmon Arm Realty.Com, Salmon Arm.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.