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624-626 TWELFTH Street in New Westminster: West End NW Office for sale : MLS®# C8021458

624-626 TWELFTH Street New Westminster V3M 4J4 : West End NW

Main Photo: 624-626 TWELFTH Street in New Westminster: West End NW Office for sale : MLS®# C8021458
$899,000
Prop. Type:
Office, Retail
MLS® Num:
C8021458
Status:
Active
Build. Type:
Freestanding
Small scale commercial investment with upside + potential 4% cap. Current retail and residential mix use or combine all together as livework space. Currently 3 rental units. Easy to manage. Combined retail in the front equals 954 sf. Separate 1 bdrm residence in the back 653sf plus 990sf basement storage. Rear lot access with easement on adjoining property. Potential for additional income for storage space. Higher future residential density encouraged in new City OCP.
Sale Type:
Asset
Property Type:
Office, Retail
Construction:
Wood Frame, Mixed
Building Type:
Freestanding, Commercial Mix, Street-Level Storefront
Year built:
1930 (Age: 89)
Total Floor Area:
Switch units of measure2,597 sq. ft.
Retail Size:
Switch units of measure954 sq. ft.
Land Use/Zoning:
C-2A
Taxes:
$8,673.46 / 2018
Storefront, Storage
Water Supply:
Municipal
Power Type:
Single Phase
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by Paramount Realty Ltd.
Data was last updated June 18, 2019 at 03:10 AM (UTC)
Mark Cumming
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