MLS® ID: 401888

120 Hereford Ave

GI Salt Spring, British Columbia, V8K 2T3

$1,400,000 Current
  • 5500 SQFT
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.
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Listing courtesy of Pemberton Holmes - Salt Spring

Amenities

  • Postal
    V8K 2T3
  • SQFT
    5500
  • Property type
    Commercial
  • Year built
    0
  • Lot size
    8276
  • Sewer
    Sewer
  • Heating
    Elec Baseboard
  • Tax year
    2017
  • Agent name
    Eric Booth
  • Tax amount
    $ 12980.99
  • Purchase Type
    Active
  • Price Range
    $1.25m-$1.5m
  • Square Feet Range
    5000-7000 sq ft.
  • Brokerage
    Pemberton Holmes - Salt Spring
  • Office ID
    130
  • Agent ID
    1632

Location

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