Strategically located on the high-exposure Trans Canada Highway, this property presents a lucrative investment opportunity in the heart of Duncan, BC. With a total leaseable area of approximately 6,644 sq. ft. on 19,550.78 sq. ft. of land, this well-maintained building features a new roof installed within the last two years and a site coverage of just 0.34, offering potential for future development or redevelopment.
The property boasts 17 on-site parking spaces, ensuring convenience for tenants and customers alike. This investment property is offered at a 5.8% cap rate.
This is an excellent opportunity for investors seeking a well-positioned asset with strong visibility, reliable income, and long-term growth potential in one of Vancouver Island’s key commercial corridors.
Address
280 Trans Canada Hwy
List Price
$1,600,000
Property Type
Commercial Sale
Type of Dwelling
Retail
Area
Duncan
Sub-Area
Du East Duncan
Lot Size
19550.78 Sq. Ft.
Lot Size (Acres)
0.45 Ac.
MLS® Number
988734
Listing Brokerage
One Percent Realty Ltd.
Postal Code
V9L 3P9
Tax Amount
$28,660.81
Tax Year
2024
Amenities
Central Location, Corner Lot, Easy Access