Prime Investment Property
POWELL RIVER, BC
INVESTMENT OPPORTUNITY
Description
Freestanding building with commercial kitchen, parking and shed on one of the most prominent corner lots in the historic Townsite, next to Townsite Brewing.
Leased to a food production and catering business until December 2027, the property offers some holding income while a new owner plans the future of this property.
Townsite is home to the major redevelopment of the mill, underway by Tla'amin Nation and Cranberry Business Park. Accordingly, this location is sure to gain considerable value over the years ahead. Huge redevelopment potential. C-1 Zoning allows for a variety of uses, including ancillary residential.
Expansion of the existing building footprint with one or two residential units above and west facing decks would be a logical future development plan. Views out to the Malaspina Strait, Harwood and Savary Islands and the snow capped mountains of Vancouver Island on a clear day.
There is untapped potential here with rental income from day one.
Details
Address | 5830 Ash Avenue, Powell River
Neighbourhood | Townsite
Gross Site Area | 7,441 sf
Building Size | 672 sf
Current Zoning | C-1