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550 Cairnsmore St Duncan, British Columbia V9L 2A1

Acreage

$5,250,000

The properly provides holding income within the existing multi - tenant complex. Located on the main artery fronting both Cairnsmore St and Government St within the City of Duncan, this location is prime. There are several potential opportunities for this property: Continue to generate income with the two anchor tenants and second level apartments, or; Develop the land surrounding the existing 7,290 SF buildings for additional commercial usages; or Completely redevelopment the entire 1.31 - acre property for a new project such as a multi -unit mixed -use commercial/residential development. With Neighborhood Commercial Mixed - use zoning, there are numerous potential uses for this portfolio. This is the type of acquisition that you can utilize to generate income while you plan out a strategic approach for the years to come. (id:32872)

Property Details

MLS® Number 877788
Property Type Other
Neigbourhood West Duncan
Features Central Location, Level Lot, Other

Building

Constructed Date 1955
Type Commercial Mix

Land

Acreage Yes
Size Irregular 1.31
Size Total 1.31 Ac
Size Total Text 1.31 Ac
Zoning Description Nc
Zoning Type Unknown

https://www.realtor.ca/real-estate/23289203/550-cairnsmore-st-duncan-west-duncan

Interested?

Contact us for more information


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Kristie Haz
Personal Real Estate Corporation

(250) 883-0477
www.naivanisle.ca

Nai Commercial Central Vancouver Island Ltd.
2 - 1551 Estevan Road
Nanaimo, British Columbia V9S 3Y3

(250) 753-5757
(800) 769-5757
(250) 753-4993
www.naivanisle.ca

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