1163 Cedar Av - Storefront Retail/Office FOR SALE


Trail, BC V1R 4B8
$592,000 CAD
250-860-1100
1163 Cedar Av, Trail, BC for Sale
$592,000 CAD
Storefront Retail/Office - FOR SALE
1/22
null | 8.97% Cap Rate

1163 Cedar Av
Trail, BC V1R 4B8


OVERVIEW

RLK Commercial is pleased to offer for sale a 100% freehold interest in The Trail Daily Times Building, located at 1163 Cedar Avenue, in downtown Trail, BC (the “Property”). Occupied by the Trail Times for over 50 years and Steps Dance Centre for over 20 years, this iconic centrepiece sits between the Kootenay Savings Credit Union (KSCU) headquarters and Austin Engineering (BBA Consultants) buildings, and within a 1-minute walk from Ferraro Foods, Starbucks, A&W, Dairy Queen, and many more exciting amenities offered in downtown Trail. Currently 100% leased to Black Press Group Ltd. (Trail Times) and Steps Dance Centre, the Property comprises approximately 7,880 SF of rentable area across two floors, generating attractive net holding income of +$53,083

FOR SALE DETAILS

PRICE

$592,000 CAD

PRICE/SF

$75 CAD /SF

CAP RATE

8.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,900 SF

ZONING

C1

APN/PARCEL ID

010-668-063,010-669-116

ASK ABOUT THIS PROPERTY

Tristan ChartFair RealtyMore Info
250-860-1100

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Tristan ChartFair RealtyMore Info
250-860-1100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.