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Key Facts

Type 
Levels Commercial Sale
Size 12000 sqft
Garage No
Maintenance Fees 
Taxes $16,392
Days Active 77
Approx. Age 
Avg. Price Per Sqft $216
MLS® Number SK011019

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity at 1200 Butte St. This 4-acre property features three distinct buildings on 2 acres, with 2 acres undeveloped for future expansion. Long-term tenants recently renewed leases for 5 years on the entire 4-acre parcel, ensuring stable income across the full property. Projected 6.9% cap rate by Pro Forma. Property Highlights: • 4 acres total (2 developed, 2 undeveloped) • 3 well-maintained buildings • Long-term tenants leasing all 4 acres with recent 5-year renewals • Projected 6.9% cap rate • Prime location Investment Benefits: 1. Stable cash flow from established tenants across entire property 2. Significant development potential on 2 vacant acres (subject to lease terms) 3. Strong financial performance 4. Secure tenant commitment to full parcel 5. Opportunity for value appreciation Current buildings fully leased to established businesses. Undeveloped land, also under lease, offers potential for future growth or new construction to meet market demands, pending agreement with current tenants. Ideal for investors seeking immediate returns and long-term value. Property combines steady rental income with potential for future development, creating a compelling investment case.Show Description
MLS® NumberSK011019
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatFloor Model Furnace, Hot Water
A/C
Heating Fuel

Extras

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