929 8th Ave. New Westminster | $989,000

Commercial, 4 Bedrooms, 3.5 Bathrooms, 4400.00 Sqft.

 
COMMERCIAL AND RESIDENTIAL LOCATION.

OUTSTANDING,LIVE/WORK or INVESTMENT OPPORTUNITY.HIGH TRAFIC, CHECK OUT THIS HIGH EXPOSURE LOCATION. LOCATED ON A BUSY STREET CORNER.
THis Building is over 4400 sqft with a large wellkept home upstairs and 2200 sqft of commercial space on the main.
Upper floor is over 2000 sqft, well kept ,large 4 bedroom, 3 bathroom unit, with a wide open Living and Dining space , opening to a large outdoor patio, with a great view of Moody Park.Plus a Spacious kitchen, a separate family room with a second large open patio off the back.The Upper floor has 2 separate entrances which can be utilized if you wanted to create 2 units. Perfect home for your growing family.
THE MAIN LEVEL is currently leased (month to month) at $2200/month. The operator uses this location as grocery storage and catering prep for there current business. This level is perfect for grocery, restaurant , catering , GRAB & GO options plus many other great business options. The space is over 2200 sqft with separate entrance and a separate Hydro Meter, private parking a loading door and additional storage.The current space also offers a LARGE WALK IN FREEZER, Rear Loading cooler, Dishwasher, and large prep and storage area. Turn key location for grocery for minimal updating. A portion of the space has also been offered to a number of different franchises for on site service. 500-700 sqft with corner exposure on the west side, at the front of the build. Great location for a deli, sub franchise, coffee shop and more%u2026 . This is a High Exposure location with tons of daily traffic. Located on the corner of 8th ave and 10th st. Directly across from Moody Park, which has a lot of activity year round,Baseball, Soccer, Skate bowl , Lacrosse Box %u2026 Also in the area are Schools, Massey theatre, Businesses and this building is located on a very busy road which is used as a connecter to many different areas. This corner location is also located in the middle of a dense residential area which would bring consistent traffic to the business offered onsite.
There are multiple revenue options with this unique opportunity. With the live/work option, or even a direct investment option that should produce 7-8% Cap rate with the right tenants and lease rates.
Take advantage of this unique opportunity today.
929 8th Ave. New Westminster, BC4,400 Sqft.
$989,000MLS®# V4026023
3.5 Bathroom(s)4 Bedroom(s)
New Westminster, British Columbia
Estimated mortgage payment on 20% down: $3,751.96

Features

Security: Controlled Access Security: Alarm System
Outdoor: Front Porch Outdoor: Deck
Outdoor: Corner Lot Outdoor: Balcony
Interior: Window Coverings Interior: Cooling
Exterior: Glass Exterior: Concrete Block
Exterior: Brick

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