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225 7th Ave Kamloops, British Columbia

$1,765,000

(3) 50x120ft lots with separate titles for a total of 18,000 sq ft CBD zoned land plus 7019 sq ft building. This prime downtown corner lot location has superb exposure and is fully occupied with great tenants. Keep it as is or hold and build in the future. Potential building lot on vacant lot 3. Excellent location and good income with on site parking, lane access and irrigated grounds. Many units have recently been renovated, including brand new rooftop unit, plumbing & electrical upgrades. 7 separate leasable units. Approx net income of $95,000 offers a 5.4% cap for this investment. Kamplan 2018 states that the purpose of the land use designation is "to allow for a mix of medium- to high-density multi-family, commercial, and community uses. Future development in this designation may include commercial (retail and office), mixed-use, with commercial on lower floors and residential above, medium- to high-density multi-family. Contact LB for appt, Pls allow notice for showings around current business hours. (id:51403)

Property Details

MLS® Number 169490
Property Type Business

Building

Land

Acreage No
Size Irregular 18000
Size Total 18000 Sqft
Size Total Text 18000 Sqft

https://www.realtor.ca/real-estate/24823405/225-7th-ave-kamloops

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