1122 Riverside Avenue Sicamous, British Columbia V0E 2V0
$2,999,000
INVESTOR ALERT! Land and Buildings – showing approximately 5% ROI on asking price. This 7,000 square foot commercial building with foreshore lease on the Shuswap Lake offers a high profile location with driving and water access. This amazing building is home to 20 year tenants Moose Mulligan’s pub, restaurant, and store. This amazing building has such a great location and is the perfect hands-free investment with solid cash flow. Offered for sale well below replacement cost, this building and property offer a chance to have a solid return on investment with lots of upside. The building saw a 2014 renovation to expand the patio and complete interior painting. Situated on 0.6 acres with 600 linear feet of boat moorage (30 slips) and easy road access with ample onsite parking. Underutilized foreshore lease that is currently sub leased to building tenant with potential for a marina, moor-age or gas bar. Zoned C4 allows marine-related operations. (id:52386)
Property Details
| MLS® Number | 10277210 |
| Property Type | Other |
| Neigbourhood | Sicamous |
| Amenities Near By | Recreation |
| Features | Irregular Lot Size |
| View Type | Lake View, Mountain View |
| Water Front Type | Waterfront On Lake |
Building
| Constructed Date | 1997 |
| Exterior Finish | Stucco |
| Fire Protection | Security System, Smoke Detector Only |
| Flooring Type | Mixed Flooring |
| Heating Type | Other |
| Roof Material | Asphalt Shingle |
| Roof Style | Conventional |
| Size Interior | 7000 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Current Use | Mixed Use |
| Land Amenities | Recreation |
| Sewer | Municipal Sewage System |
| Size Frontage | 127 Ft |
| Size Irregular | 0.61 |
| Size Total | 0.61 Ac|under 1 Acre |
| Size Total Text | 0.61 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/25736477/1122-riverside-avenue-sicamous-sicamous
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December 02 2023 12:12:03
Okanagan-Mainline Real Estate Board
Homelife Salmon Arm Realty.com