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Listing by Thomas Hart Royal LePage-Comox Valley (CV)
$2,200,000
Est. payment /mo
14,759 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 14,759 sqft
Price per Sqft $149
MLS Listing ID 998038
HOA Y/N No
Annual Tax Amount $15,000
Tax Year 2024
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Office
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 cap rates in excess of 8%. A rare opportunity to secure a worry-free, government-backed income stream in a growing Vancouver Island market.
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 cap rates in excess of 8%. A rare opportunity to secure a worry-free, government-backed income stream in a growing Vancouver Island market.
Location
Province BC
County Port Alberni, City Of
Community Pa Port Alberni
Area Port Alberni
Zoning C-7
Interior
Flooring Mixed
Fireplace No
Exterior
Exterior Feature Low Maintenance Yard
Parking Features On Site
Garage Spaces 20.0
View Y/N false
Total Parking Spaces 20
Garage No
Building
Lot Description Central Location, Corner Lot, Easy Access
Sewer Sewer Connected
Water Municipal
Others
Ownership Freehold
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