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45921 WELLINGTON Avenue in Chilliwack: Chilliwack W Young-Well Office for sale : MLS®# C8028041

45921 WELLINGTON Avenue Chilliwack V2P 2C6 : Chilliwack W Young-Well

Main Photo: 45921 WELLINGTON Avenue in Chilliwack: Chilliwack W Young-Well Office for sale : MLS®# C8028041
$3,999,000
Prop. Type:
Office, Retail
MLS® Num:
C8028041
Status:
Active
Build. Type:
Commercial Mix
The four adjacent properties are a combined 13,820 square feet with five existing commercial spaces totalling 12,800 square feet. It cannot be understated how valuable and difficult assembling 4 properties is in the downtown core. With that done, the potential is available to build a downtown altering development. These properties are about 1 block from the exciting, new downtown Chilliwack development as well as having 2 street frontages and a lane. Existing tenants pay approximately $12 net per square foot on the current 12,800 square feet of commercial space that offsets carrying costs. Having monthly income while determining the ideal construction timeline is a fantastic canying cost offset that few development prope,ties can offer. Phase 1 Environmental Study is available. See virtual tour link.
Sale Type:
Asset
Property Type:
Office, Retail
Construction:
Concrete Block, Mixed
Building Type:
Commercial Mix, Multiple Tenant/Multi-Plex (5+)
Year built:
999 (Age: 1,020)
Total Floor Area:
Switch units of measure12,800 sq. ft.
Land Use/Zoning:
C3
Taxes:
$20,348.47 / 2019
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by Royal Lepage Wheeler Cheam
Data was last updated October 17, 2019 at 01:10 PM (UTC)
RAJ DHALIWAL Personal Real Estate Corporation