Courtesy of: Kayla Argatoff, , RE/MAX Blue Sky Realty
$289,900
|
Other
|
$289,900
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)