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321 16 HIGHWAY, Burns Lake
Burns Lake
Office
$1,400,000
For sale
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Description
Located in the vibrant heart of Burns Lake, adjacent to hotels and near shopping, this mixed-use building is a prime investment. It features 2 residential and 9 commercial units, all fully occupied, reflecting high demand. Renovated in 2013-2014 with a new roof, modern vinyl plank flooring (except in 2 carpeted units), updated windows, electrical systems, additional rental units, bathroom upgrades, new exterior doors, furnace, and retaining wall, it's in top condition. Priced at $1.4 million with an 8% Cap rate, it offers a lucrative return. The building's month-to-month leases provide flexibility to increase income, making it an attractive buy for those looking to invest in Burns Lake's thriving commercial landscape.
General Info
C8057862
0
0.35 ac
Listed BY: Cole Westersund, Landquest Realty Corporation
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Purchase Amount
$ 1,400,000
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