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For Sale · Retail

3174 3rd Ave, Port Alberni

3174 3rd Ave, Port Alberni, BC V9Y4C8

$430,000 total

12,000 SF

Asset Class

Retail

Size

12,000 SF

Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

$36

Occupancy

89%

Lot Size

0.18999081726354453 ac

About this property

Investment opportunity with this large commercial building with high visibility and traffic on the corner of busy Third Avenue, one of the main thoroughfares in Port Alberni. The building is approximately 12,000 sq ft with a reception area, 15’ ceilings and lots of warehouse space downstairs for storage/inventory and alley access. C7 zoning allows for a multitude of uses. This is a great opportunity in the burgeoning uptown area close to restaurants, breweries, shops and the Harbour Quay waterfront. All measurements are approximate and must be verified if important. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$430K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$26K

Annual cash flow

$2K

Cash-on-cash

1.44%

DSCR

1.08

Going-in cap

5.97%

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.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters3,473 SF2030-02
Prairie Coffee Roasters2,360 SF2030-02
Prairie Coffee Roasters1,600 SF2031-02
Prairie Coffee Roasters3,296 SF2031-02

Area demographics

Trade area within 3 miles of the property.

Population

59,453

Households

20,913

Median income

$96,500

Median age

45.4

Daytime population

85,216

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 3174 3rd Ave, Port Alberni.

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.