MLS® ID: 401888
120 Hereford Ave
GI Salt Spring, British Columbia, V8K 2T3 $1,400,000
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.