800 TWELFTH STREET, New Westminster, British Columbia V3M4K1 Canada

  • PRICE$1,598,000
  • SQ. FEET2914

Fully Leased!!! 5% gross cap rate with development potential. 44' x 93' development lot. Excellent investment opportunity on busy 8th Ave & 12 St. OCP: (ML) Mixed Use - Low Rise, 6-story, retail/office/apartment. Good shape free standing building with garage, with $180K back to stud reno cost spend on the back office space, and $70K reno cost spend on street front pizza store in 2016. The property is currently owner occupied in the office and operate the pizza store, therefore, if property sold, the office and pizza store will be vacant on possession. Tattoo store leased at $21.65 +$10 (361 sf) with 2-yr left. Office leased at $15+$10 with 1-yr left and buyer renew options, Pizza store leased at $25+10 with 5-yr left with renew options. (id:9345)...
Tranaction Type: For sale
Lease Per Unit: square feet
Zoning Description: C2A
Constructed Date: 1939
Size Total: 4093 sqft
Acreage: true

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