Prime Income Property with diverse tenancies near the new Regional Hospital/ West Vista Terrace Site/ Bell McKinnon Development Area. Located at the corner of Trans CDA 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 approx. and should be verified by the Buyer. Please refrain from contacting tenants or owners - viewings by appointment. Sale is for the land and buildings only - operating businesses not included.
Address
2935 Sprott Rd
List Price
$9,475,000
Property Type
Commercial Sale
Type of Dwelling
Warehouse
Area
Duncan
Sub-Area
Du East Duncan
Lot Size
102802 Sq. Ft.
Lot Size (Acres)
2.36 Ac.
MLS® Number
976972
Listing Brokerage
Coldwell Banker Oceanside Real Estate
Postal Code
V9L 6B5
Tax Amount
$56,090.00
Tax Year
2022
Features
Mixed
Amenities
Central Location, Cleared, Corner Lot, Easy Access, Fenced, Lighting, Low Maintenance Yard, Serviced, Shopping Nearby, Sign: Allowed, Storefront