6,092 ft²Retail$4,660,000Sale
6,092 ft²
Retail
$4,660,000
Sale
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The Vendor has exclusively retained Marcus & Millichap REIS to facilitate the sale of its 100% interest in Strata Lot 3 - 2230 Cliffe Avenue located in Courtenay, B.C. The property features a triple-net investment opportunity consisting of a freestanding building, situated on stratified land, leased to four retail tenants including a Popeyes drive-thru.
The Space
Asking Price$4,660,000
Available Space6,092 ft²
Net Operating Income$256,345
Property UseRetail
Year Built2022
SourceDirect
The Building
Prime exposure along Cliffe Avenue / Highway 19A (>10,500 VPD), the arterial route servicing Nanaimo and its nearby communities. 2270 Cliffe Avenue, adjacent to the Subject Property, submitted a development application in late 2023 for a six-storey mixed use project outlining 11 CRUs and 140 residential units. Ample parking on the Subject Property and across the common property. The parking on the common property is governed by a favorable easement allowing shared parking across the entire parcel (common property and limited common property). A 75% vote is required for any changes to the strata.
Property TypeRetail
Building Size6,092 ft²
Lot Size6,092 ft²
Year Built2022
Up to $500K for British Columbia businesses
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