Average square foot calculated using Size range provided by listing agent.
Description
Excellent investment opportunity in this vibrant and versatile commercial property. The front retail space features expansive display windows and a well-designed layout, currently leased to a boutique home décor and clothing retailer under a new five-year lease.To the rear of the building, you’ll find a fully equipped lounge and bar, complete with indoor seating, large walk-in refrigeration, an expansive bar area, and upscale fixtures and finishes throughout. The space showcases a stylish sports bar theme and is also secured under a new five-year lease.Outside, the well-established food truck court includes seven fully leased spaces on month-to-month terms, offering a variety of popular local culinary options. The area is thoughtfully designed with covered seating, vibrant landscaping, decorative lighting, a striking mural, and filtered bay views—creating a welcoming and lively ambiance for patrons.The property offers excellent ingress and egress from both Highway 101 and historic Front Street, and features a large parking area and prominent signage for high visibility. With steady rental income, attractive aesthetics, and limited owner responsibilities, this property is a compelling option for investors or as a 1031 exchange. 8% Cap Rate at current price.Show Description
MLS® Number339920822
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1964
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatZoned
A/C
Heating Fuel
Extras
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