9939 Highway 101 Powell River, British Columbia V8A 0K1
$2,500,000
This mixed-use property offers strong cash flow and future development potential. It includes two sections: Section A features a commercial building leased to a grocery and liquor store, generating reliable income under a 18-year NNN lease. The tenant covers property taxes, insurance, and maintenance, ensuring minimal landlord involvement. Section B is a vacant lot with significant development potential, offering flexibility for future commercial or retail projects. With a projected rental profit of $ 1.8 million over the next 18 years and 2% annual rent increases, this property is a solid investment. Whether seeking consistent returns or long-term growth, this opportunity in the vibrant Powell River market is not to be missed. A solid investment opportunity with minimal landlord involvement. Invest today in this prime location with a stable lease and exciting future possibilities! (id:37703)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | General retail |
Property Details
| MLS® Number | 18491 |
| Property Type | Business |
Building
Land
| Access Type | Highway Access |
| Acreage | No |
| Size Irregular | Irregular |
| Size Total Text | Irregular |
https://www.realtor.ca/real-estate/27668910/9939-highway-101-powell-river
(604) 379-5210
203-1024 Ridgeway Ave
Coquitlam, British Columbia V3J 1S5
(604) 917-0187
(604) 917-0189
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January 07 2025 06:24:06
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