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590238 Sqft Commercial Property in Malahat & Area

$1,987,000 - MLS® NO.340695
231 Trans Canada Hwy
Malahat & Area - ML Malahat Proper

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Terrific ocean view development site. Two Lots totalling 13.55 ACRES, ZONED COMMERCIAL/RESIDENTIAL MIX, Approx 3.5 Acres developed, with potential for development on other 10 Acres. Current use as Gas Station with Convenience Store, Post Office & Laundry Facilities, and "OCEAN VIEW MOTEL", 14 residential Units, including managers residence and 3 mobile home pad rentals. This unique site has tremendous development potential, including subdivision or res./com. Past revenue history indicates great upside potential not currently pursued by senior owners. Excellent results of Phase 2 Environmental available.

Title:
Freehold 
Transaction Type:
For Sale 
Includes Building:
Yes 
Includes Business:
Yes 
Includes Land:
Yes 
Sale/Lease Type:
Sale Price 
Possession:
Upon Completion 
Possession Notes:
 
Taxes:
$17,303.00 (2014) 
Year Built:
1960 
Additional Rent/SqFt:
 
Existing Lease Expiration Date:
 
Business Name:
 
Business Established:
 
Gross Income:
 
Net Income:
 

Building Details

Building Features:
 
Building Type:
Motel or Hotel,Retail 
Accessibility:
 
Construction Foundation:
See Remarks 
Exterior Finish:
Wood Siding 
Exterior Features:
 
Cooling:
See Remarks 
Heat:
Elec Baseboard 
Approx. Value of Fixed Equip:
 
Parking Spaces:
 
Stories:
 

Lot Information

SqFt:
590238 
Acres:
13.55 
Total SqFt:
590238 
Lot:
 
Lot Shape:
 
Lot Features:
View: Mountain,View: Water,Well(s) 
Lot Frontage:
 
Water:
Well: Drilled 
Waste:
Septic Tank 
Parking:
 
Location Features:
High Traffic Area,Highway Access,Road: Paved 

Strata Information

Complex:
 
Managed By:
 
Monthly Assessment:
Shared Amenities:
 

Listed with:

Mike Nugent - DFH Real Estate Ltd.

Mike Lagadyn - DFH Real Estate Ltd.