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In-PersonVirtual Tour
$ 8,500,000
Est. payment | /mo
7.21 Acres Lot
$ 8,500,000
Est. payment | /mo
7.21 Acres Lot
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 982849
Rental Info Unrestricted
Annual Tax Amount $35,916
Tax Year 2022
Lot Size 7.210 Acres
Acres 7.21
Property Description
Prime storage/warehousing property in a core development zone poised for significant population growth. Income is primarily generated through interior and exterior storage, with additional structures leased to construction firms and other local businesses. Current tenancies offer an attractive income stream with a competitive cap rate. Ample bare land available for additional revenue opportunities or expanding the existing storage business. The area is undergoing major redevelopment, with a new regional hospital under construction just 900 meters from the site and municipal services in progress to support future growth. The recently approved West Vista Terrace, featuring 700 residential units and commercial CRUs, is located just 400 meters away. Vendor willing to provide financing to qualified buyers. All sizes are approximate and should be verified by the buyer. Viewings by appointment only; please refrain from contacting tenants or owners. Zoned C3 - includes C2 uses.
Location
State BC
County North Cowichan, Municipality Of
Area Du East Duncan
Zoning C3(Commercial Service)
Exterior
Parking On Site 1
Others
Tax ID 004-248-376
Ownership Freehold
Acceptable Financing See Remarks
Listing Terms See Remarks
Listed by Coldwell Banker Oceanside Real Estate
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