4605 LAZELLE AVENUE
Terrace, British Columbia
MLS® C8082900
$2,980,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C8082900
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1960
1 / 5Listing description
Exceptional downtown investment opportunity! This C1-zoned mixed-use building offers outstanding exposure in a prime central location. The two-storey building with basement features approximately 12,900 sq ft of ground-floor commercial plaza space occupied by 9 tenants, plus 9,000 sq ft of basement storage and service areas.
The 9,000 sq ft second floor offers 12 residential units, including 10 bachelor suites and 2 one-bedroom units. Fully occupied, this property provides a diverse income stream from both commercial and residential tenancies. A rare opportunity to own a substantial, income-producing asset in the heart of downtown!
7. 3% cap rate.
Property summary
- MLS® number
- C8082900
- Property type
- Retail
- Size
- 21,064 sq ft
- Land size
- 0.48 acres
- Built in
- 1960
- Days on market
- 18 days
What would this home cost you?
Based on the $2,980,000 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 RE/MAX Coast Mountains, Terrace.
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.