Residential & Commercial Real Estate

231 Alexander Street NE N.E. Salmon Arm (Salmon Arm, British Columbia, CA - V1E 1E7) Built

$528,000

Homelife Salmon Arm Realty

Jim Grieve PREC & Jordan Grieve BComm/PREC Jim Grieve PREC & Jordan Grieve BComm/PREC 250-833-7812 (Office) 800-890-9166 (Office) 250-833-6312 (Cell) 250-832-7573 (Fax) Request More Info

  • GOOD CASH FLOW DOWNTOWN COMMERCIAL
  • Type: Commercial
  • Style: 2 Story "Street Level Retail & Upstairs Residential"
  • Size: 3,200 sq. ft.
  • Development Level: Built
  • Lot Type: Irregular
  • Year Built: 1960
  • Taxes: $3,200.00 (2017)
  • MLS ® #: 10169975

Description

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. 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. 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.
For more information please contact:
Jim Grieve, Personal Real Estate Corporation
250-833-6312 / jdgrieve@shaw.ca
Jordan Grieve, BComm/Personal Real Estate Corporation
250-833-7812 / jordangrieve@shaw.ca
HOMELIFE SALMON ARM REALTY.com
www.jimgrievesalesteam.com
Toll Free 1-800-890-9166

Attachments

P2#293787624
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Information is deemed to be correct but not guaranteed.

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