7408 HIGHWAY 101
Powell River, British Columbia
MLS® 19448
$5,500,000
- Status
- Active
- Property type
- Business
- MLS® number
- 19448
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 32Listing description
An established and well-located property that has been developed as a multi-tenant facility, this 4. 5 acre site includes the following tenants: Retail gas bar (Canco), Propane sales (Superior Propane) Card lock fuel sales (Parkland/Columbia). In addition to these operations, the property also includes: 72 individual self storage units in 4 separate buildings, and a SFD home with 2 suites.
The home and storage facility are operated by the Vendor, Fuel operations are tenants. Offering expansion potential, long term leases and high-quality national tenants, this property is an excellent investment opportunity with a current yield of just under 8%. Additional immediate income generation is possible through the leasing of a newly constructed auto service bay, in addition to open yard storage for RVs, boats, equipment etc.
Powell River is a popular Sunshine Coast community that is expected to see renewed growth with the future development of the former Tis'kwat Mill.
Property summary
- MLS® number
- 19448
- Property type
- Business
- Land size
- 4.46 acres
- Annual property taxes
- $20,763.00
- Days on market
- 297 days
Features & details
- Lot features
- Visual exposure
What would this home cost you?
Based on the $5,500,000 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 Colliers, Vancouver.
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.