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$ 3,399,000
Est. payment /mo
Price Dropped by $401K
14881 MARINE DRIVE White Rock, BC V4B1C2
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID C8079456
Property Description
Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by Gammon Property Advisors Corporation