New Listing
8880 Young Road,Chilliwack, BC V2P4P3
Chilliwack, BC V2P4P3
Description
Investor Alert! Opportunity to acquire a commercial building operating with long-term tenants. Strategically located on a main access route from central Chilliwack to Highway 1, this high-profile 1.22-acre commercial/industrial property with 22,200 + building is a short drive from city center and new District 1881. The property offers a broad tenant mix and triple net leases with annual escalations. Strong holding income from day one, provides a 5% CAP rate based on the asking price. Existing improvements accommodate a mix of industrial, retail, commercial uses with dock loading, ample onsite parking and access for semi-trucks. CSM zoning and Official Community Plan designation offer future redevelopment potential. An excellent opportunity for investors seeking established income in a prominent high profile location. (id:13843)
Details
| MLS # | C8082933 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 3 |
| Listing Provided By | RE/MAX Bob Plowright Realty | Bob Plowright |
Features
| SQ Feet | 22,271 |
|---|---|
| Acreage | 1.22 |
Interior
| Fireplace Yes / No | No |
|---|
Exterior
| Security Features | Security system |
|---|
Parking
| Parking Features | Visitor Parking |
|---|
Utilities
| Electric | Three Phase |
|---|
Taxes
| Tax Year | 2026 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Chilliwack |
| Postal Code | V2P4P3 |
| Listing VS Median (in V2P4P3) | |
Price: $7,400,000 low | high Med: $7,400,000 sqft: 22,271 low | high Med: 22,271 $ / sqft: $332 low | high Med: $332 On site: 3 low | high Med: 3 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Chilliwack |
| Postal Code | V2P4P3 |
| Listing VS Median (in V2P4P3) | |
Price: $7,400,000 low | high Med: $7,400,000 sqft: 22,271 low | high Med: 22,271 $ / sqft: $332 low | high Med: $332 On site: 3 low | high Med: 3 | |