Description

1.54 Acre corner property, zoned C1 Commercial, a nice mix of Commercial and Residential: 3 great long-term commercial tenants, including Anchor tenant Canada Post, and 2 residential units. The front commercial unit has undergone a recent renovation and lots of upgrades to the rest of the building. Included on the property: a fenced, gravelled yard (approximately 0.7 acre) with future development and income potential. As is, the property already generates an above average cap rate (offered at 7%), but with the flexibility of the C1 zoning, further potential for income and development exists. Located in the rapidly growing Cariboo Regional District on the busy HWY 24 in the heart of Lone Butte, just 15 minutes southeast of 100 Mile House. Lone Butte is the gateway to the growing Interlakes recreation area that boasts year-round recreational activities. Highway 24 is the prominent route and main artery connecting Highway 97 to Highway 5 and the Coquihalla. Turn-key investment opportunity! * PREC - Personal Real Estate Corporation