1725 Cowichan Bay Rd, Cowichan Bay

$3,200,000

0 Bed
0 Bath
2.58 Acres
0 Garage

Diversified income producing property listed at a 7.5% capitalization rate. Listed below the recently appraised value of $3,345,000 (Cunningham & Rivard, Feb.12,2021). The property offers commercial retail and marina exposure with one small residential unit. The approximate 7,500 sqft retail space is fully leased and has long term anchor tenants, True Grain Bread and Classic Marine. The Marina (1,150 linear ft) focuses on long term tenants providing ease on management and a steady income. The property has a long track record of full occupancy with a waiting list for moorage (moorage vacancy +/- 1%). Recent upgrades and renovations have improved this property while maintaining its historic charm and appealing character. Located in Southern Vancouver Island, Cowichan Bay is the core tourism area in the Cowichan Valley and is very popular with local residents. This offering provides exceptional income, ease of management, a long term track record of high occupancy and a great location.

Essential Information
MLS® #868751
Price$3,200,000
Bathrooms0.00
Acres2.58
TypeCommercial Sale
Sub-TypeOther
StatusActive
Community Information
Address1725 Cowichan Bay Rd
AreaDu Cowichan Bay
CityCowichan Bay
ProvinceBC
Postal CodeV0R 1N0
County

Cowichan Valley Regional District

Amenities
ViewMountain(s), Ocean
Is WaterfrontYes
WaterfrontOcean
Exterior
Exterior FeaturesAwning(s)
ConstructionFrame Wood, Shingle-Wood, Wood
FoundationBlock
Additional Information
Days on Market223
ZoningW-3, W-2
Office

Coldwell Banker Oceanside Real Estate

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