Property Description

2.38 acres across three titles - a solid income-producing land play with a modular office building. Light Industrial zoned property located at on 1st Avenue in a high-visibility corridor near the downtown core. The property is tenant-occupied, providing immediate rental income and making it a strong passive-income investment. The site includes a 1,481 sq. ft. 1997 modular office building with air conditioning, four offices, kitchen/ lunch room, and reception area. Level, usable land with excellent exposure, and convenient access to downtown and major routes. Parcel A is a long narrow one acre lot located behind Lots 2 through to 12 and backs onto embankment designated as Park. In addition to lot 7 / 8 this Parcel provides additional rent from various owners to extend their lots onto the subject for additional parking and storage. Details available for income information and projected Capitalization Rate. (id:7434)