13
$474,900 Sale
Listed 24 days ago
1035 Hwy 17 E
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Key Facts
Key facts for 1035 Hwy 17 E
Property Type
Commercial
Parking
Garage: No, 0 parking
MLS #
2130465
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
PRIME TRANS-CANADA HIGHWAY COMMERCIAL INVESTMENT OPPORTUNITY! An exceptional opportunity to own a C2 Highway Commercial property with immediate rental income and significant future commercial potential. Located directly along Highway 17 in Wahnapitae, this property offers excellent highway visibilit...y and exposure while generating income from 9 rental pads. The property currently produces approximately $47,000 in gross annual rental income with approximately $14,000 in annual operating expenses, resulting in an estimated $33,000 Net Operating Income (NOI). At the asking price of $474,900, this represents an approximate 6.95% capitalization rate based on current operations. Beyond the existing income, the C2 Highway Commercial zoning provides potential for a variety of commercial uses, subject to municipal approvals and applicable regulations. The strategic Trans-Canada Highway location creates excellent exposure for future commercial development, expansion, storage, equipment-related uses, service businesses and other permitted commercial opportunities. This property offers investors the opportunity to acquire an income-producing asset today while retaining potential for future commercial development. Whether you're seeking an investment property, additional income-producing land, or a strategic highway commercial location for your business, this property is worth exploring. (id:10452)
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Listing courtesy of: ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
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