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231 Alexander Street, NE Salmon Arm

  • $ 498,000
  • 3200 Sq.Ft.
  • 10169975

Good cash flow for this commercial building with approximately 7.5% ROI on asking price – Rent income potential from two main floor retail spaces, three residential apartments and two storage units. Located on one of Salmon Arm’s busiest downtown core streets with a great location for retail, this is the second building just off TCH with lots of vehicle and pedestrian traffic. Two 800 square foot storefront retail spaces could be converted back to one 1600 square foot retail space. Three really cute and renovated residential apartments on the upper level, all currently rented. Building shows pride of ownership and has been very well maintained. Total building area 3,200 square foot with full unfinished basement, two storage spaces, covered balcony and parking stalls at rear. New high efficiency boiler, hot water tank. Located in the heart of the downtown core in an area of trendy retail stores, restaurants and professional offices. For more information please contact Jordan Grieve PREC* 250-833-7812 jordangrieve@shaw.ca or Jim Grieve PREC* 250-833-6312 jdgrieve@shaw.ca or visit www.jimgrievesalesteam.com. Toll free 1-800-890-9166. Realtor deems all information to be correct yet does not guarantee this nor are we liable in any way for any mistakes, errors, or omissions. Buyer should verify all information important to them. (id:26004)

Overview


MLS#10169975
Address231 Alexander Street, NE, Salmon Arm, British Columbia, V1E1E7
CitySalmon Arm
On Site DateOctober 16, 2018
Price$498,000
On Market Date2019-03-13

Property Specifications


Lot Size0.05 ac|under 1 acre acres
WaterMunicipal water
SewerMunicipal sewage system
ZoningCommercial mixed use
ViewMountain view

Building Features


Finished Area3200 sq. ft.
Year Built1960
Ownership TypeFreehold
Listing Info
Listing Office:
Homelife Salmon Arm Realty.Com
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