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108 Van Horne Street S Cranbrook South, British Columbia V1C 2G2

7600
Electric Baseboard Units

$799,900

After 28 years of ownership, This Lucrative Strip Mall (Approximately 9.75% Capitalization Rate) is being offered For Sale. Fifth Avenue Plaza is located along the main corridor of Cranbrook across from the Railway Museum. There is approximately 7600 sq.ft of Building, a Secure Storage Area, and 3 other outbuildings all situated on 6 City Lots. There is plenty of parking on and off the Property for both shop owners and customers. The Building has a good mix of Retail and Service which is Currently Fully Leased out with 9 Tenants. This Property has been meticulously maintained. A new Torch-On-Roof and Metal Parapet Wall Cap was installed in 2018 and the exterior was painted in 2017. The Art-Deco style Building was adorned with LED wall pack exterior lights in 2019. The Water Service was replaced in 2019 as well as the Buildings main Water Heater in 2020. (id:44636)

Property Details

MLS® Number 2455132
Property Type Retail
Amenities Near By Shopping, Airport, Public Transit, Highway, Golf Nearby, Stores
Community Features High Traffic Area
Features Visual Exposure, Flat Site, Other, Paved Driveway, Level

Building

Amenities Storage - Locker
Exterior Finish Stucco
Fireplace Present No
Flooring Type Vinyl, Concrete
Heating Fuel Electric
Heating Type Electric Baseboard Units
Size Interior 7600
Utility Power Single Phase
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Shopping, Airport, Public Transit, Highway, Golf Nearby, Stores
Sewer See Remarks
Size Total Text Under 1 Acre
Zoning Type Highway Commercial

https://www.realtor.ca/real-estate/22514271/108-van-horne-street-s-cranbrook-south

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