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$1,950,000
Est. payment /mo
0.69 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 998038
Rental Info Unrestricted
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 projected cap rates in excess of 7%. 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 projected cap rates in excess of 7%. 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
Area Pa Port Alberni
Zoning C-7
Interior
Flooring Mixed
Exterior
Exterior Feature Low Maintenance Yard
Parking On Site 1
Total Parking Spaces 20
Building
Lot Description Central Location, Corner, Easy Access
Story 1
Sewer Sewer Connected
Water Municipal
Structure Type Block,Insulation: Ceiling,Insulation: Walls
Others
Tax ID 025-041-185
Ownership Freehold
Read Less Info
Listed by Royal LePage-Comox Valley (CV)