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$ 1,950,000
Est. payment | /mo
0.69 Acres Lot
$ 1,950,000
Est. payment | /mo
0.69 Acres Lot
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Port Alberni
MLS® Listing ID 998038
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Freehold
Source Vancouver Island Real Estate Board
Property Description
Prime Government-Leased Investment Opportunity in Port Alberni This centrally located downtown building features two long-term government tenants, offering exceptional stability and income potential. The Government of Canada occupies approximately 4,377 square feet, while the Province of British Columbia leases 10,382 square feet—housing Service Canada and WorkBC offices. With excellent street exposure, ample parking, and easy accessibility, this property is ideally positioned in the heart of Port Alberni's commercial core. The current proforma demonstrates a strong return, with projected cap rates in excess of 7%. A rare opportunity to secure a worry-free, government-backed income stream in a growing Vancouver Island market. (id:24570)
Location
State BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 20
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage-Comox Valley (CV)
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