Learn more about this property online at:
https://www.collierscanada.com/p-can2011252
https://www.collierscanada.com/p-can2011252
- For Sale
Two Downtown Courtenay Commercial Properties plus Two Riverfront Development Sites
Colliers is pleased to present the opportunity to acquire up to four properties as part of an Estate sale. The executor of the Estate will consider offers for the entire portfolio or for two commercial properties, and the development sites individually.
The downtown commercial offerings comprise two investment properties with underlying redevelopment potential well located within Courtenay’s central downtown core. The tenant mix is diverse with a variety of retail, office, and residential uses. The net operating income has significant growth potential with many of the leases at below-market rents.
The two riverfront sites can be acquired together or as two separate development properties totaling 30,928 square feet and 23,830 square feet respectively. The former is developed with a residential single-family building compromising 3,246 SF in a state of disrepair. The subjects at present are separated by an undeveloped road Right-of-Way (ROW) in favour of the City of Courtenay. Both properties front the Courtenay River and are within mere blocks of the City’s downtown core.
The downtown commercial offerings comprise two investment properties with underlying redevelopment potential well located within Courtenay’s central downtown core. The tenant mix is diverse with a variety of retail, office, and residential uses. The net operating income has significant growth potential with many of the leases at below-market rents.
The two riverfront sites can be acquired together or as two separate development properties totaling 30,928 square feet and 23,830 square feet respectively. The former is developed with a residential single-family building compromising 3,246 SF in a state of disrepair. The subjects at present are separated by an undeveloped road Right-of-Way (ROW) in favour of the City of Courtenay. Both properties front the Courtenay River and are within mere blocks of the City’s downtown core.
