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Home BC Greater Powell River Powell River Powell River B
7408 HIGHWAY 101
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7408 HIGHWAY 101 $5,750,000
$5,750,000
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7408 HIGHWAY 101
Powell River, British Columbia V8A4Z2

MLS® Number: 19448

Listing Description

An established and well-located property that has been developed as a multi-tenant facility, this 4.5 acre site includes the following tenants: Retail gas bar (Canco), Propane sales (Superior Propane) Card lock fuel sales (Parkland/Columbia). In addition to these operations, the property also includes: 72 individual self storage units in 4 separate buildings, and a SFD home with 2 suites. The home and storage facility are operated by the Vendor, Fuel operations are tenants. Offering expansion potential, long term leases and high-quality national tenants, this property is an excellent investment opportunity with a current yield of just under 8%. Additional immediate income generation is possible through the leasing of a newly constructed auto service bay, in addition to open yard storage for RVs, boats, equipment etc. Powell River is a popular Sunshine Coast community that is expected to see renewed growth with the future development of the former Tis'kwat Mill. (29086674)

Property Summary

Property Type
Business
Land Size
4.46 ac
Annual Property Taxes
$20,763
Time on REALTOR.ca
41 days

Building

Building Features
Features
Visual exposure
Business
Business Type
Other, Retail and Wholesale (Automotive/aircraft), Service

Land

Other Property Information
Access
Highway access
Data provided by: Powell River Sunshine Coast Real Estate Board
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Alan Johnson