Business For Sale · Office

229 W 3RD AVENUE, Prince Rupert

229 W 3RD AVENUE, Prince Rupert, BC V8J1L2

Price on request

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Asset Class

Office

Size

—

Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

96%

Year Built

1971

Lot Size

0 ac

About this property

Prime Uptown Commercial Leasing Opportunity! Position your business in a highly visible, walkable uptown location surrounded by established businesses and everyday amenities. This versatile street-front space is well-suited for professional offices, boutique retail, wellness services, or a variety of business ventures. Enjoy excellent exposure, convenient wheelchair accessibility, and close proximity to major banks, the courthouse, library, restaurants, and cafes. A fantastic opportunity to establish or grow your business in a central, well-connected location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

52,995

Households

22,097

Median income

$129,000

Median age

35.6

Daytime population

60,589

5-yr growth

1.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 229 W 3RD AVENUE, Prince Rupert.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.