100 Kootenay Street N Cranbrook, British Columbia V1C 3T9
$249,900
This prime 8,520 sq ft C-1 Commercial property is a lucrative investment with built-in revenue. Currently leased to Pet Valu, the site generates $19,170 annually on a triple net basis, with all taxes and expenses covered by the tenant. The lease includes options to extend through 2036, with annual rent reaching up to $23,430 in the final term. Strategically located, the property serves as parking for the neighboring Total Pet store and boasts exceptional potential for future development. Recent zoning changes now allow up to 180 units per hectare, unlocking even greater possibilities. Secure this income-producing property today and capitalize on Cranbrook’s thriving commercial hub. (id:45850)
Property Details
| MLS® Number | 10329518 |
| Property Type | Vacant Land |
| Neigbourhood | Cranbrook North |
| Features | Level Lot |
| RoadType | Paved Road |
Building
| Type | Other |
| UtilityWater | Municipal Water |
Land
| AccessType | Easy Access |
| Acreage | No |
| LandscapeFeatures | Level |
| Sewer | Municipal Sewage System |
| SizeIrregular | 0.2 |
| SizeTotal | 0.2 Ac|under 1 Acre |
| SizeTotalText | 0.2 Ac|under 1 Acre |
| ZoningType | Unknown |
Utilities
| Electricity | At Lot Line |
| Natural Gas | At Lot Line |
| Sewer | Available |
| Water | At Lot Line |
https://www.realtor.ca/real-estate/27696303/100-kootenay-street-n-cranbrook-cranbrook-north
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November 29 2024 07:02:36
Okanagan-Mainline Real Estate Board
RE/MAX Blue Sky Realty