Attention Investors & Medical Professionals - This is your chance to own a versatile income-generating asset in the heart of Terrace, BC. This 7,000 sqft professional building sits on a large C5-zoned lot with ample on-site parking, offering both commercial flexibility and residential potential. A new roof adds to the long-term value, while a 9.17% cap rate and $9,700/month in base lease revenue make this a sound investment. The main level features an open-concept layout, allowing for a variety of medical, wellness, or office configurations. Complete with a kitchen, laundry area, staff and guest bathrooms (including shower), it's turnkey-ready. The lower level includes a bright, self-contained suite with a private entrance, full kitchen, and 4-piece bath-perfect for staff housing or an additional rental stream. The other half of the lower level has its own entrance and is currently leased to a business with access to two private bathrooms. Plus tons of storage. Don't miss out! (id:4069)
Address
3222 MUNROE STREET
List Price
$1,100,000
Property Type
Retail
Area
British Columbia
Sub-Area
Terrace
Floor Area
7,030 Sq. Ft.
Lot Size
0.42 Sq. Ft.
Year Built
1978
MLS® Number
C8070599
Listing Brokerage
RE/MAX Coast Mountains
Postal Code
V8G3B5
Amenities
Street Lighting
