See all 23 photos

$8,500,000

Est. payment - /mo

7.21 Acres Lot

Active

7030 Bell McKinnon Rd Duncan, BC V9L 6B5

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Kyle Kerr PREC

kyle@initiumre.com +1(250) 818-5595

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Key Details

Property Type Commercial

Sub Type Warehouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID 982849

Rental Info Unrestricted

Annual Tax Amount $35,916

Tax Year 2022

Lot Size 7.210 Acres

Acres 7.21

Property Sub-Type Warehouse

Property Description

Prime storage/warehousing property in a core development zone poised for significant population growth. Income is primarily generated through interior and exterior storage, with additional structures leased to construction firms and other local businesses. Current tenancies offer an attractive income stream with a competitive cap rate. Ample bare land available for additional revenue opportunities or expanding the existing storage business. The area is undergoing major redevelopment, with a new regional hospital under construction just 900 meters from the site and municipal services in progress to support future growth. The proposed West Vista Terrace, featuring 700 residential units and commercial CRUs, is located just 400 meters away. Vendor willing to provide financing to qualified buyers. All sizes are approximate and should be verified by the buyer. Viewings by appointment only; please refrain from contacting tenants or owners. Zoned C3 - includes C2 uses.

Location

Province BC

County North Cowichan, Municipality Of

Area Du East Duncan

Zoning C3(Commercial Service)

Exterior

Parking On Site 1

Others

Tax ID 004-248-376

Ownership Freehold

Acceptable Financing See Remarks

Listing Terms See Remarks

Virtual Tour https://buildout.com/website/1454132-sale

Listed by Coldwell Banker Oceanside Real Estate

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A, 4B1