Campbell River, BC V9W 2W4,1221 Cedar St

$985,000

Est. payment /mo

$999,800

1.5%
Est.Price: ?

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1221 Cedar St Campbell River, BC V9W 2W4

0.33 Acres Lot

SOLD DATE : 07/03/2020

Key Details

Sold Price $985,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 825926

Sold Date 07/03/20

Year Built 1979

Annual Tax Amount $12,285

Tax Year 2019

Lot Size 0.330 Acres

Acres 0.33

Property Description

Great opportunity to redevelop a fantastic central downtown Campbell River location. Current building has approx 4800 square feet on 2 floors totalling over 9600 square feet. C-1B zoning will allow for a multitude of uses. Some options include residential apartments or mixed use residential & commercial use. This would also be a excellent corporate location or a professionals office building, such as doctors, lawyers, accountants or specialists location. Currently there is a 120 seat restaurant operating on the ground level with two separate suites upstairs, one with 4 bedrooms and one with 6 bedrooms, total of 10 bedrooms. Upstairs has two entrance ways and could easily be redeveloped into more rental suites. Lots of parking on site as well as good street parking. Could be a great revenue producing property. Property is ripe for redevelopment. Restaurant business has been operating for 50 years is also for sale, also vacant lot next door could be purchased separately.

Location

Province BC

Area Cr Campbell River Central

Zoning C-1B

Interior

Cooling Air Conditioning

Exterior

Exterior Feature Sign: Allowed, Storefront

View Y/N 1

View Other

Handicap Access Wheelchair Friendly

Building

Lot Description Level

Additional Building Exists

Others

Tax ID 005-864-844

Ownership Freehold

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Listed by Realpro Real Estate Services Inc.
Bought with PARK GEORGIA RLTY - COQUITLAM

Cameron Doyle

Advisor | License ID: 5284

+1(250) 889-6137

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