Very rare investment opportunity at a very attractive cap rate! This fantastic property is located on a high-exposure 1.21 acre lot in the heart of Parksville, and features three solid cinder block buildings with a total of 16,548 square feet. This well-maintained complex offers a strong foundation for a wide range of business ventures. Currently 100% occupied, the property provides immediate income potential with the security of established tenants with solid leases in place. With its generous lot size and multiple buildings, this site offers both flexibility and long-term investment value in a thriving commercial location. Opportunities like this don’t come along often, so don't hesitate and secure this proven income-generating property today.
Address
464 Island Hwy E
List Price
$4,800,000
Property Type
Commercial Sale
Type of Dwelling
Other
Transaction Type
sale
Area
Parksville/Qualicum
Sub-Area
PQ Parksville
Lot Size
52707 Sq. Ft.
Lot Size (Acres)
1.21 Ac.
MLS® Number
1011373
Listing Brokerage
Royal LePage Parksville-Qualicum Beach Realty (PK)
Postal Code
V9P 2H4
Tax Amount
$39,536.90
Tax Year
2024
