9901 Main Street
Summerland, British Columbia
MLS® 10396799
$1,549,000
- Status
- Active
- Property type
- Retail
- MLS® number
- 10396799
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 7Listing description
**LIMITED TIME OFFERING** Previously listed at $1,599,000; now offered at $1,549,000. PRICED TO SELL. Rare opportunity to acquire a fully leased, income-producing commercial property in the heart of downtown Summerland at 9901 Main Street.
This mixed-use asset comprises approximately 5,244 SF with five commercial tenants in place, including two ground-floor retail units and three office tenants, providing a diversified and stable income stream. Offered at an attractive approximate 6. 3% capitalization rate, the property delivers immediate cash flow with future upside through rental growth, as select tenancies offer the ability to increase rents toward market over time.
An excellent opportunity for investors seeking a fully stabilized, low-maintenance commercial asset in a supply-constrained downtown market with long-term appreciation potential.
Property summary
- MLS® number
- 10396799
- Property type
- Retail
- Building type
- Retail
- Square footage
- 5,244 sq ft
- Days on market
- 45 days
What would this home cost you?
Based on the $1,549,000 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 Venture Realty Corp., Kelowna.
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.