2229-2233 6Th Avenue, Castlegar, BC, V1N 2W1 - commercial for sale | Listing ID 2479268

Commercial For Sale In Castlegar, British Columbia

$1,039,999

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2229-2233 6TH Avenue, Castlegar, British Columbia, V1N 2W1

$1,039,999

Property Information:

INDUSTRIAL DEVELOPERS AND INVESTORS - Outstanding industrial investment opportunity includes two side-by-side industrial properties (2229 & 2233 6th Avenue) totaling .6334 acres in Castlegar, BC. National tenant with a recently signed lease occupies the 7,529 SF industrial building with 3 grade level loading bays and leases the 2 adjoining properties. Current CAP rate is 8.4 (at ask) but will increase every year with the negotiated escalation in rates through the term of the lease. Final year of the lease will see a CAP rate of 9. 5 for the year ending July 31, 2028. M 1 - Light Industrial zoning provides potential for further densification of the properties through redevelopment for almost 50,000 SF at max FAR and building heights up to 3 stories. The current lease will provide substantial cash flow and holding income until the properties are ready to be further redeveloped. (id:27)

Building Features:

Building Type: Other
Heating Type: No heat

Property Features:

OwnershipType: Freehold
Property Type: Other
Built in: 1975
Zoning Type: Unknown

Courtesy of: RE/MAX Kelowna

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Location of 2229-2233 6TH Avenue, Castlegar, British Columbia, V1N 2W1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

28 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

16 storms expected in 2050

Projected Heat Risk: Moderate

28 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 2229-2233 6TH Avenue , experiences 7 hot days per year at around 32.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.2 degrees Celsius.

Projected Avg. Temperature

Past

32.3℃

2050

36.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

16 storms expected in 2050

71/100

Moderate-High

ClimateCheck®

Current data

This property, 2229-2233 6TH Avenue , experiences 13 significant 2-day storms per year, with about 305.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 16 significant 2-day storms with 357.3mm of precipitation per year.

Precipitation Per Storm

Past

305.2mm

2050

357.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 2229-2233 6TH Avenue, Castlegar, British Columbia, V1N 2W1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$111,588.99

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.6 %

High school certificate or equivalent

29.31 %

Apprenticeship trade certificate/diploma

13.84 %

College/non-university certificate

22.09 %

University certificate (below bachelor)

0.17 %

University Degree

16.0 %

Commuter

Travel To Work

By Car

87.21 %

By Public Transit

2.11 %

By Walking

8.98 %

By Bicycle

0.0 %

By Other Methods

1.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

15.19 %

Houses

84.81 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Location of 2229-2233 6TH Avenue, Castlegar, British Columbia, V1N 2W1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 2229-2233 6TH Avenue, Castlegar, British Columbia, V1N 2W1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

2229-2233 6TH Avenue, Castlegar, British Columbia, V1N 2W1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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