Lot C & D Kootenay Street Cranbrook, British Columbia V1C 3T5
$289,900
For sale is a unique opportunity to acquire Jump Property Corp, a British Columbia-registered commercial property corporation. Included in the sale are two prime C-1 Commercial properties in Downtown Cranbrook. Established in 2021, the corporation comes with three years of detailed corporate filings from top accounting firms and a solid operational history, positioning it for continued success. The sale includes an 8,520 sq ft C-1 Commercial development site, currently serving as parking for the neighboring Total Pet store and generating a triple net revenue of $19,170 annually, with Pet Valu covering all taxes and expenses. The lease agreement includes options to extend the lease to 2036 and beyond, with lease amounts capping at $23,430 annually in the final extension term. Additionally, there is a 3,082 sq ft C-1 Commercial development site, paved for parking but currently unleased. This corporation and its assets offer significant investment potential, especially following the City?s recent increase in C-1 zoning density from 80 units per hectare to 180, greatly enhancing development possibilities. (id:46227)
Property Details
| MLS® Number | 2479262 |
| Property Type | Other |
| Neigbourhood | Cranbrook North |
| Community Name | Cranbrook North |
| Amenities Near By | Park, Shopping |
| Features | Level Lot |
Building
| Heating Type | No Heat |
| Type | Other |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Park, Shopping |
| Landscape Features | Level |
| Size Irregular | 0.27 |
| Size Total | 0.27 Ac|under 1 Acre |
| Size Total Text | 0.27 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27340110/lot-c-d-kootenay-street-cranbrook-cranbrook-north
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November 11 2024 08:50:14
Okanagan-Mainline Real Estate Board
RE/MAX Blue Sky Realty