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$ 11,199,000
Est. payment | /mo
2.43 Acres Lot
$ 11,199,000
Est. payment | /mo
2.43 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type Asset
MLS Listing ID C8081333
Year Built 1992
Lot Size 2.430 Acres
Property Sub-Type Industrial
Property Description
Exceptional industrial investment and future development opportunity on 2.43 acres along Yale Road West. The property features a 15,703 sq. ft. industrial building and is fully leased to a quality tenant, generating $400,000+ in annual net income and providing strong holding income from day one. Well equipped for its current use, the real long-term opportunity lies in the property's significant development potential. Investors can secure a substantial industrial site today while benefiting from immediate income, then explore opportunities to expand the existing improvements, construct additional buildings, or redevelop the property to accommodate multiple tenants and increase future rental income. With a prime industrial location, strong in-place income, and excellent long-term upside, this is an ideal opportunity for investors seeking both immediate returns and future growth.
Location
Province BC
Community West Chilliwack
Area Chilliwack
Zoning M-2
Interior
Heating Forced Air, Space Heater
Cooling Forced Air
Equipment Crane
Exterior
Fence Fenced
Utilities Available Fully Serviced
Roof Type Other
Building
Story 2
Sewer Public Sewer
Water Public
Others
Restrictions Restrictive Covenant
Ownership Freehold
Security Features Security System
Schools and Properties Nearby
Learn More About LPT Realty
Karan Kundhal PREC*
Agent License ID: 188983