$8,500,000

Commercial For Sale In Duncan, British Columbia

$8,500,000

Property Information:

Prime storage/warehousing property in a core development zone poised for significant population growth. Income is primarily generated through interior and exterior storage, with additional structures leased to construction firms and other local businesses. Current tenancies offer an attractive income stream with a competitive cap rate. Ample bare land available for additional revenue opportunities or expanding the existing storage business. The area is undergoing major redevelopment, with a new regional hospital under construction just 900 meters from the site and municipal services in progress to support future growth. The proposed West Vista Terrace, featuring 700 residential units and commercial CRUs, is located just 400 meters away. Vendor willing to provide financing to qualified buyers. All sizes are approximate and should be verified by the buyer. Viewings by appointment only; please refrain from contacting tenants or owners. Zoned C3 - includes C2 uses.

Property Features:

  • Annual Tax Amount: $35,916
  • Floor Space (approx): 33696 Square Feet
  • Lot Frontage: 314067.6 Square Feet
  • Lot Size: 7.21 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: vreb_table_propertysubtype_warehouse*
  • Road Surface Type: Paved
  • Zoning: C3(Commercial Service)

Courtesy of: Coldwell Banker Oceanside Real Estate

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.