$2,075,000
$2,200,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
6846 Metro Rd Lantzville, BC V0R 2H0
0.73 Acres Lot
Key Details
Sold Price $2,075,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 842419
Sold Date 02/01/21
Year Built 1965
Annual Tax Amount $15,147
Tax Year 2019
Lot Size 0.730 Acres
Acres 0.73
Property Description
Additional, Secure Income Stream Added: 6.39% Cap Rate on Exisiting Income For Sale: Multi - tenant Industrial Property. +/- 9,825 square feet of building area on 0.73 acres of land. This property is fully leased and includes two ground floor commercial tenants (Crystal Pacific Bevelling & Shooters Speed and Fab) and two residential tenants on the upper floors. This property is well located in the Lantzville Industrial node in close proximity to all major transportation routes. Low vacancy combined with increasing demand for industrial space makes this a rare and stable investment for prospective purchasers. - Do not disturb tenants.
Location
Province BC
Area Na Upper Lantzville
Zoning I1
Exterior
Exterior Feature Fenced, Sign: Allowed, Storefront
Others
Tax ID 004-198-581
Ownership Freehold
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Bought with RE/MAX Commercial Advantage