This mixed-use property offers strong cash flow and future development potential. It includes two sections: Section A features a commercial building leased to a grocery and liquor store, generating reliable income under a 18-year NNN lease. The tenant covers property taxes, insurance, and maintenance, ensuring minimal landlord involvement. Section B is a vacant lot with significant development potential, offering flexibility for future commercial or retail projects. With a projected rental profit of $ 1.8 million over the next 18 years and 2% annual rent increases, this property is a solid investment. Whether seeking consistent returns or long-term growth, this opportunity in the vibrant Powell River market is not to be missed. A solid investment opportunity with minimal landlord involvement. Invest today in this prime location with a stable lease and exciting future possibilities! (id:63379)
| Business Type | Retail and Wholesale |
| Business Sub Type | General retail |
| MLS® Number | 18491 |
| Property Type | Business |
| Access Type | Highway Access |
| Acreage | No |
| Size Irregular | Irregular |
| Size Total Text | Irregular |
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