9206 Shale Avenue, Summerland, British Columbia

About 9206 Shale Avenue

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. (id:6289)

More Info on this Main Town Other MLS® listing

9206 Shale Avenue is an other listing for sale in Summerland. The MLS® number is 10362006. It was built in 2010 and covers 5,160 square feet. It's currently listed for $1,588,000. For more details on MLS® 10362006, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This other listing in Main Town is available now!

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