Property Description

Prime Retail Investment Opportunity in West Cambie, Richmond. Located in the busy President Plaza in West Cambie, Richmond, this rare retail investment opportunity features a spacious 770 sqft premise with excellent visibility and strong commercial exposure. The property was originally designed with a circular layout and was renovated into a more functional square-shaped space based on the previous owner's preference, allowing for more efficient use of the premises for their intended purpose. The actual physical space is larger than the area currently being utilized. The property is occupied by a long-term established tenant, generating a capitalization rate of 5.7% and offering an attractive combination of stable tenancy and investment potential. The premises may be suitable for a variety of commercial uses, providing flexibility for future owners and investors. A rare opportunity to acquire a well-located retail property with an established tenant and attractive income potential. Don't miss. (id:7434)