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Lot C & D KOOTENAY Street
Cranbrook British Columbia V1C3T5 Canada

$289,900

Active Listing ID 2479262
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$289,900

Active Listing ID 2479262
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Lot C & D KOOTENAY Street 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:203)

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Property Features

  • Facts
  • Property Sub-type: Other
  • Features
  • Heating Systems: No heat
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/11/2024 9:00:36 PM GMT
Source Updated Date: 11/24/2024 11:11:36 PM GMT

Courtesy of: Kayla Argatoff, , RE/MAX Blue Sky Realty