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$958,000 total
—
Asset Class
Hospitality
Size
—
Building class
A
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
86%
Lot Size
0.27 ac
RARE PRIME CORNER OPPORTUNITY – DOWNTOWN SALMON ARM! This is your chance to own one of the most sought-after commercial locations in the heart of Salmon Arm! Situated at a high-traffic intersection on the Trans Canada Highway and Shuswap Street, this high-visibility corner property offers exceptional exposure to both vehicle and pedestrian traffic — ideal for any business looking to maximize its presence. Zoned for commercial use and spanning two separately titled lots, this property boasts over 11,000 sq ft of land and approximately 15+ dedicated parking spaces with direct access from both major roads. This is a true gem in the bustling downtown core, just steps from shops, services, and the waterfront — making it an unbeatable location for both investors and entrepreneurs. Currently leased to a successful restaurant (equipment and furnishings owned by tenant), this property provides immediate income potential with long-term flexibility for redevelopment or repurposing. Whether you're looking to expand your commercial portfolio or secure a flagship location in one of BC’s fastest-growing communities, this offering delivers on visibility, location, and opportunity. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$58K
Annual cash flow
$4K
Cash-on-cash
1.56%
DSCR
1.08
Going-in cap
6.01%
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.
Trade area within 3 miles of the property.
Population
89,713
Households
36,778
Median income
$79,000
Median age
44.9
Daytime population
82,601
5-yr growth
2.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 21 & 61 Shuswap Street NW, Salmon Arm.
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.