$9,500,000

Commercial For Sale In Duncan, British Columbia

$9,500,000

Property Information:

Prime Income Property with diverse tenancies near the new Regional Hospital /Bell McKinnon Development Area. Located at the corner of Trans Canada HWY and Sprott Road, offering high visibility and easy access. The area is undergoing significant redevelopment, with the hospital under construction and municipal serving underway to support the future growth of the surrounding area. Income streams include Mini Storage, Warehousing, Industrial / Service Commercial tenancies, and a residential occupancy. Listed with an approximate 6.15% cap rate supported by a January 2024 Cunningham and Rivard appraisal of the property. Vendor, in their sole discretion, is willing to provide financing options with mutually agreeable terms and conditions to qualified Buyers. All sizes are approximate and should be verified by the Buyer if important. Please refrain from contacting tenants or owners - viewings by appointment only. Sale is for the land and buildings only - operating businesses not included.

Inclusions: See Remarks

Property Features:

  • Annual Tax Amount: $56,090
  • Building Features: High Traffic Area, Parking
  • Exterior Features: Fenced, Lighting, Low Maintenance Yard, Sign: Allowed, Storefront
  • Floor Space (approx): 36277 Square Feet
  • Foundation Details: Slab
  • Heating: Mixed
  • Inclusions: See Remarks
  • Lot Features: Central Location, Cleared, Corner Lot, Easy Access, Serviced, Shopping Nearby
  • Lot Frontage: 102802 Square Feet
  • Lot Size: 2.36 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: vreb_table_propertysubtype_warehouse*
  • Road Surface Type: Paved
  • Utilities: Electricity Connected
  • View: Mountain(s), Valley
  • Water Source: Municipal
  • Zoning: C3, includes C2 uses
  • Sewer:

Courtesy of: Coldwell Banker Oceanside Real Estate

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.