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12485 Sqft Commercial Property in Sidney

$2,650,000

9839 Fifth St
MLS® NO: 425929

Description

Attractive mixed use property on high profile corner in midst of commercial core of Sidney. Strong retail tenant (Monk Office) on main floor has occupied the space for 12 years and there is a new 7-year lease in place (with demo clause). Three stable long term residential tenants occupy the two spacious and well appointed 2-bedroom suites and 1-bedroom suite on the second floor. Residential suites are separately metered and rented below market. Generous on-site parking. This property offers a low maintenance investment with reliable cash flow and upside revenue growth. Existing zoning and OCP support re-development to 4-storey condo project.

General

Taxes: 24603.55

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Building Details

Building Type: Retail

Lot Information

SqFt: 12485
Acres: 0.29
Waste: See Remarks

Property Details

Building Type: Retail
Municipality: Sidney
Sq. Feet: 12,485

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Listed with:

Kevin Pirie - NAI Commercial (Victoria) Inc.
Phone: (250) 381-2265