581 Niagara St

Retail For Sale in Victoria, British Columbia

$1,495,000

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)

www.581niagara.com

Address 581 Niagara St
List Price 1,495,000
Property Type Retail
Type of Dwelling Retail
Area British Columbia
Sub-Area Victoria
Floor Area 3,200 Sq. Ft.
Lot Size 3612 Sq. Ft.
MLS® Number 415277
Listing Brokerage Pemberton Holmes - Cloverdale
Postal Code V8V1H8

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Kane Ryan

Pemberton Holmes

1007 Johnson St Victoria BC V8V 3N8

Office: 1-778-223-5961

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