120 Hereford Ave, Gulf Islands, V8K 2T3

Commercial - Retail For Sale in GI Salt Spring

$1,400,000

Beds
Baths
5,500Sqft
.19Acres
Built
126DOM
MLS® #: 401888
Current, 126 Days on Market

5500 square feet of Commercial 1 zoned space. Two-storey commercial/retail building in downtown Ganges, Salt Spring Island. Approximately 3600 sf on main floor and 1950 sf on second level. Six off street parking stalls on Hereford Avenue. The building has prime retail frontage on Hereford, a primary on-way connector road. A walkway on the east side of the building connects the schools and business on Rainbow Road to the centre of town. Neighbouring properties include the popular Cafe Talia to the west, Island Savings Credit Union to the south and dry cleaners to the east. C1 is the most flexible of the Commercial zones on the island, allowing most retail uses. The current lease (3 years with 2 - 5 year renewal options) on the building returns a 5.5% cap rate.

Essential Information

MLS® #: 401888
Price: $1,400,000
Square Footage: 5,500
Acres: 0.19
Type: Commercial
Sub-Type: Retail
Style: Mixed Use
Status: Current

Community Information

Address: 120 Hereford Ave
Subdivision: GI Salt Spring
City: Gulf Islands
Province: BC
Postal Code: V8K 2T3

Amenities

Parking Spaces: 6

Interior

Heating: Elec Baseboard

Exterior

Exterior: Wood Siding
Exterior Features: Parking
Lot Description: View: City
Construction: Concrete

Additional Information

Date Listed: November 21st, 2018
Days on Market: 126
Zoning: Commercial

Listing Details

Listing Office: Pemberton Holmes - Salt Spring

Financials

$/SqFt: $255

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