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2935 Sprott Rd
Du East Duncan Duncan V9L 6B5

$9,475,000
Commercial Sale

Main Photo: 2935 Sprott Rd in Duncan: Du East Duncan Warehouse for sale : MLS®# 976972
Photo 1: 2935 Sprott Rd in Duncan: Du East Duncan Warehouse for sale : MLS®# 976972
Photo 2: 2935 Sprott Rd in Duncan: Du East Duncan Warehouse for sale : MLS®# 976972
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
976972
Prime Income Property with diverse tenancies near the new Regional Hospital/ West Vista Terrace Site/ Bell McKinnon Development Area. Located at the corner of Trans CDA HWY and Sprott Road, offering high visibility and easy access. The area is undergoing significant redevelopment, with the hospital under construction and municipal serving underway to support the future growth of the surrounding area. Income streams include Mini Storage, Warehousing, Industrial / Service Commercial tenancies, and a residential occupancy. Listed with an approximate 6.15% cap rate supported by a January 2024 Cunningham and Rivard appraisal of the property. Vendor, in their sole discretion, is willing to provide financing options with mutually agreeable terms and conditions to qualified Buyers. All sizes are approx. and should be verified by the Buyer. Please refrain from contacting tenants or owners - viewings by appointment. Sale is for the land and buildings only - operating businesses not included.
Property Type:
Commercial Sale
Type:
Warehouse
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Du East Duncan, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
2.36 acre(s)
Taxes:
Building Features:
High Traffic Area, Parking
Foundation:
Slab
Electricity:
Yes
Ceiling Heights:
Total Building Area:
36,277 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Septic System
Heating:
Mixed
Fireplace:
No
Pending Date:
See Remarks
Fenced, Lighting, Low Maintenance Yard, Sign: Allowed, Storefront
Mountain(s), Valley
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of North Cowichan
Legal Description:
Zoning:
C3, includes C2 uses
Units in Building:
Units in Community:
Occupancy:
Tenant
Utilities:
Electricity Connected
Lot Site Features:
Central Location, Cleared, Corner Lot, Easy Access, Serviced, Shopping Nearby
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
Date Listed:
Oct 01, 2024
Original Price:
9500000.0
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Virtual Tour

Listed by Coldwell Banker Oceanside Real Estate
Data was last updated November 27, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$2,775,000
Min list price:
$175,000
Max list price:
$9,475,000
Avg days on market:
96
Min days on market:
25
Max days on market:
517
These statistics are generated based on the current listing's property type and located in Du East Duncan. Average values are derived using median calculations.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.