Pemberton Holmes is pleased to present the opportunity to purchase a free standing mixed use building in beautiful James Bay located at 581 Niagara St.
This building has recently undergone a complete renovation, with new plumbing, electrical, insulation and a new roof in March 2019.The Ground floor space has housed a community grocery store since it was originally built in 1908, making it the oldest grocery store in Victoria. The ground floor commercial space is approximately 1600 sqft and is a licensed food establishment. The newly renovated upper suites have private entrance and consist of a 2 bedroom suite and a large 1 bedroom suite.
With the building built directly on 3 lot lines, a large outdoor space has been created which can be used for parking or as an outdoor patio for the commercial tenant. Great opportunity for an opener operator or an investor.
4 % CAP rate and room for increased lease rates.
*Please do not approach staff. Call listing agent to set up viewings. (id:4069)
|Address||581 Niagara St|
|Type of Dwelling||Retail|
|Floor Area||3,200 Sq. Ft.|
|Lot Size||3612 Sq. Ft.|
|Listing Brokerage||Pemberton Holmes - Cloverdale|