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512 5th St Courtenay, BC V9N1K3
6,098 Sqft Lot
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Courtenay City
MLS® Listing ID 1023506
Lot Size 6,098 Sqft
Acres 6098.0
Property Sub-Type Freehold
Property Description
Positioned on prime 5th Street frontage in downtown Courtenay, this C1 zoned property presents a compelling opportunity for investors, owner users, or developers. The 1,000+ sqft building offers immediate income with a long term commercial tenant currently on a month to month lease and open to a new multi-year agreement. Recent upgrades include a brand new roof and 200 amp electrical service, supported by four private parking stalls. As the most centrally located downtown property with both front and back yards, the site benefits from favorable setbacks and zoning that may allow for a four storey mixed-use development. Potential exists for up to 20,000 sqft of commercial and residential space, including a commercial ground floor and residential units above with glacier and ocean views. A rare opportunity to secure income today while unlocking significant redevelopment upside tomorrow. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage-Comox Valley (CV)
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