120 Hereford Ave, Gulf Islands

$1,400,000

0 Beds
0 Baths
5,500 Sqft
.19 Acres
0 Garages

5500 square feet of Commercial 1 zoned space. Two-storey commercial/retail building in downtown Ganges, Salt Spring Island. Approximately 3600 sf on main floor and 1950 sf on second level. Six off street parking stalls on Hereford Avenue. The building has prime retail frontage on Hereford, a primary on-way connector road. A walkway on the east side of the building connects the schools and business on Rainbow Road to the centre of town. Neighbouring properties include the popular Cafe Talia to the west, Island Savings Credit Union to the south and dry cleaners to the east. C1 is the most flexible of the Commercial zones on the island, allowing most retail uses. The current lease (3 years with 2 - 5 year renewal options) on the building returns a 5.5% cap rate.

Essential Information
MLS® #401888
Price$1,400,000
Square Footage5,500
Acres0.19
TypeCommercial
Sub-TypeRetail
StyleMixed Use
StatusCurrent
Community Information
Address120 Hereford Ave
SubdivisionGI Salt Spring
CityGulf Islands
ProvinceBC
Postal CodeV8K 2T3
Amenities
Parking Spaces6
Interior
HeatingElec Baseboard
Exterior
ExteriorWood Siding
Exterior FeaturesParking
Lot DescriptionView: City
ConstructionConcrete
Additional Information
Date ListedNovember 21st, 2018
Days on Market126
ZoningCommercial
Listing Details
OfficePemberton Holmes - Salt Spring
LISTING MAP

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