$289,900

Commercial For Sale In Cranbrook, British Columbia

$289,900

Property Information:

For sale is a unique opportunity to acquire Jump Property Corp, a British Columbia-registered commercial property corporation. Included in the sale are two prime C-1 Commercial properties in Downtown Cranbrook. Established in 2021, the corporation comes with three years of detailed corporate filings from top accounting firms and a solid operational history, positioning it for continued success. The sale includes an 8,520 sq ft C-1 Commercial development site, currently serving as parking for the neighboring Total Pet store and generating a triple net revenue of $19,170 annually, with Pet Valu covering all taxes and expenses. The lease agreement includes options to extend the lease to 2036 and beyond, with lease amounts capping at $23,430 annually in the final extension term. Additionally, there is a 3,082 sq ft C-1 Commercial development site, paved for parking but currently unleased. This corporation and its assets offer significant investment potential, especially following the City?s recent increase in C-1 zoning density from 80 units per hectare to 180, greatly enhancing development possibilities. (id:27)

Building Features:

  • Building Type: Other
  • Heating Type: No heat

Property Features:

  • OwnershipType: Freehold
  • Property Type: Other
  • Access Type: Easy access
  • Amenities Nearby: Park, Shopping
  • Features: Level lot
  • Landscape Features:
  • MaintenanceFee Type:
  • Zoning Type: Unknown

Courtesy of: RE/MAX Blue Sky Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.