485 5TH STREET, COURTENAY,
485 5TH STREET, COURTENAY, - Fully restored commercial building located on a busy corner location along the historic 5th Street in downtown Courtenay. It's currently tenanted to three established businesses with long term leases producing a 5.4% cap rate. This building was completely renovated & brought to code in 2009 after it experienced fire damage. The list of updates includes 4 phase electrical, new roof, new siding and reinforced foundation. There is a main utility room & each tenant also has its own mechanical room with furnace, heat pump & panel. Invest in hip downtown Courtenay & realize the gains of its continued future growth.
Listing Courtesy of RE/MAX Ocean Pacific Realty (CX)