9206 Shale Avenue
Summerland, British Columbia
MLS® 10362006
$1,588,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- 10362006
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2010
Listing description
Outstanding industrial/commercial investment opportunity in Summerland. This 5,160 sq ft mixed-use building on 21,823 sq ft (0. 501 acres) is designed like a duplex, with two commercial units plus a top-floor caretaker residence (4,693 sq ft commercial + 467 sq ft residential).
Unit 102 is currently occupied by Crush Dynamics at a base rent of $3,322. 50/month on a triple-net basis, with estimated additional rent recoveries of $4. 25/sq ft (~ $11,296.
50/year), while Unit 101 is vacant and available for lease or owner occupancy. The caretaker suite generates an additional $700/month , bringing current base rental income to $4,022. 50/month ($48,270/year).
The vacant commercial unit provides immediate flexibility for an owner-user or the opportunity to increase rental income through a new tenancy. Two front-facing 14’H x 12’W bay doors and 19’ ceilings make the property adaptable to a wide range of operations. The paved yard features dual access, ample parking, and additional Seacan storage at the rear.
Well maintained and situated in a key industrial area with excellent access, this property is a turnkey opportunity for investors or businesses seeking income, growth, and operational versatility.
Property summary
- MLS® number
- 10362006
- Property type
- Industrial
- Building type
- Other
- Size
- 5,160 sq ft
- Title
- Freehold
- Land size
- 0.5 acres
- Built in
- 2010
- Annual property taxes
- $12,469.89
- Days on market
- 425 days
Features & details
- Heating
- Forced air
- Cooling
- Central air conditioning
- Exterior features
- Other
What would this home cost you?
Based on the $1,588,000 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 Royal LePage Parkside Realty, Summerland.
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.