- ©MLS 10374366
- Area 5244 sq ft
Description
Rare opportunity to acquire a fully leased, income-producing commercial property in the heart of downtown Summerland at 9901 Main Street. This mixed-use asset comprises approximately 5,244 SF with five commercial tenants in place, including two ground-floor retail units and three office tenants, providing a diversified and stable income stream. The property is ideally positioned on Main Street, directly across from the Summerland Library, Memorial Park, and Summerland Secondary & Middle School, benefiting from strong visibility, walkability, and consistent pedestrian traffic driven by surrounding civic and educational uses. Offered at an attractive approximate 6.3% capitalization rate, the property delivers immediate cash flow with future upside through rental growth, as select tenancies offer the ability to increase rents toward market over time. An excellent opportunity for investors seeking a fully stabilized, low-maintenance commercial asset in a supply-constrained downtown market with long-term appreciation potential. (id:48970) Show More
Details
- Constructed Date: 1930
- Property Type: Retail
- Type: Retail
- Neighbourhood: Summerland Rural
Location
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