2400 Bevan Ave - Storefront Retail/Residential FOR SALE


Sidney, BC V8L 1W1
$3,600,000 CAD
250-382-3400
2400 Bevan Ave, Sidney, BC for Sale
$3,600,000 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

2400 Bevan Ave
Sidney, BC V8L 1W1


HIGHLIGHTS

  • Premier location at Bevan Ave & Fifth St in Sidney CBD
  • Fully leased 3-storey, 6-unit commercial strata building
  • Popular café/restaurant on ground floor with patio
  • Modern construction (2007) with elevator & quality finishes
  • Office units on upper floors with shared washrooms
  • 600A electrical, heat pump, and torch-on roof

OVERVIEW

Premier address on the northeast corner of Bevan Avenue and Fifth Street, one block south of Beacon Avenue, within the central business district of the Town of Sidney. The subject property is comprised of a 3-storey, 6-unit fully leased commercial strata building. The ground floor is home to the popular Tonolli’s café/restaurant as well as a common area entrance and hallway, utility room, elevator, and stairwell access. The upper floors contain two strata units each that are demised into offices. Each floor has a common hallway and washrooms. Built in 2007, the building has a concrete foundation and perimeter walls, with a concrete basement and concrete toppers for the upper floors. There is a 2-piece and 3-piece washroom on the ground floor, while the second and third floor each have a 2-piece common washroom. Strata Unit 4 has an additional 2-piece washroom. There’s a roof mounted heat pump that services the building, 600 amp main electrical service with each unit having its own sub-panel, and a torch-on roof. The subject site is on the corner and rectangular in shape, with 50 feet of frontage on Fifth Street and 120 feet of frontage along Bevan Avenue, providing excellent visibility to the fronting streets. Hydro, city water, natural gas, telephone, cable, sanitary and storm sewers all service the property. Bevan Avenue and Fifth Street are both two-way roads with curbs and sidewalks, as well as parking pullouts, ornamental street lighting, and extra wide paving stone sidewalks. The building offers a lovely patio area at ground level, that is utilized by the café/restaurant tenant.

FOR SALE DETAILS

PRICE

$3,600,000 CAD

PRICE/SF

$484 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Amanda NealAvison Young - VictoriaMore Info
250-382-3400

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Amanda NealAvison Young - VictoriaMore Info
250-382-3400

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