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Christopher Albanese
Experience Kelowna Group-eXp Realty
chris@experiencekelownagroup.com +1(250) 863-6535$1,299,000
Est. payment /mo
7,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $180
MLS® Listing ID SK011013
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Freehold
Source Saskatchewan REALTORS® Association
Property Description
Discover an exceptional investment opportunity at 1010 Butter Street, where immediate cash flow meets long-term growth potential. This meticulously maintained 7,200 square foot commercial building sits on an expansive 2-acre parcel, offering an impressive land-to-building ratio rarely found in today's market. Built for durability and minimal maintenance, the property features premium steel siding and roofing, significantly reducing ongoing maintenance costs while providing excellent protection against the elements. The fenced compound adds an additional layer of security that current tenants value highly. What truly sets this investment apart is its established income stream. Three long-term tenants currently occupy the space, eliminating the vacancy concerns and startup costs typically associated with new commercial acquisitions. This stable tenant base delivers consistent monthly income with minimal management requirements. From a financial perspective, this property shines with a projected 7.4% capitalization rate.For investors seeking passive income without the headaches of tenant acquisition and property rehabilitation, this turnkey opportunity deserves serious consideration. The strategic location offers excellent visibility and accessibility, further enhancing the property's long-term value proposition and tenant retention capabilities. Don't miss this opportunity to add a performing commercial asset to your investment portfolio. (id:24570)
Location
Province SK
Rooms
Kitchen 0.0
Interior
Heating Hot Water
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
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Listed by eXp Realty