Sidney ( British Columbia, CA - V8L4M9) Built

$5,550,000
INCOME & DEVELOPMENT OPPORTUNITY

Team 3000 Realty Ltd.

Richard Kent, Sales Representative Richard Kent, Sales Representative 778-297-3000 (Office) 604-318-2856 (Cell) Request More Info

  • Located in Downtown Sidney by the Sea
  • Type: Commercial
  • Style: Single Story
  • Size: 14,794 sq. ft.
  • Development Level: Built
  • Lot Type: Rectangular
  • Lot Size: 1.01 acres
  • Year Built: 1989
  • Taxes: $80,850.00 (2019)
  • MLS ® #: 859354

Description

DEVELOPER ALERT Excellent Holding Property. BC Assessment says the Value of this property is mostly in the land for redevelopment with recent sales in Sidney at $120 sq.ft x lot size 43,949 sq.ft. .Location Location Location. Plan your development while enjoying a excellent return from the Retail Strip Mall tenants . Located in the heart of our retirement community " Sidney by The Sea".C1 Zoning, latent development potential.Easy care investment, all tenants have triple net leases with option to renew leases. Large 1 acre plus Lot with 236 ft road frontage, Located behind Save on Foods grocery. Offers Excellent Development opportunity.Great long term tenants.Easy off street parking for consumers for stop and go retail shopping and street parking. Prime downtown location For Sale by the Original Owner.Showing Approx. 5.1 CAP. 20 Minutes to downtown Victoria, 5 minutes to the Victoria International Airport and 10 minutes to BC Ferries to the Vancouver mainland. Popular Waterfront community.

Attachments

Brokered and Advertised by : RE/MAX Camosun
P2#379999499
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