141 Shuswap Street NE

Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 6.5% cap rate. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio. (id:67197)

Price

$1,099,000

Property Type

Retail

Transaction Type

For sale

MLS® Number

10400786

Interior Size

6600 sqft

Building Type

Retail

Cooling

Central air conditioning

Fireplace

No

Heating

Other

Interior Size

6600 sqft

Water

Municipal water

Size Total

0.11 ac|under 1 acre

Acreage

No

Sewer

Municipal sewage system