Description

Rare highway commercial acreage with income in place. This 6.44-acre parcel on the Trans Canada in Chase offers approx. 1.5 acres of flat, usable land with commercial zoning, power on site, and municipal water approx. 30 ft from the lot line across the frontage road. Currently tenanted month-to-month on a gross lease by an established tenant, producing an approx. 9.0% cap rate at list price based on current rent and owner-paid taxes and insurance. Hold it as a turnkey investment, or take over the site for your own business down the road. Convenient frontage road access and Trans Canada exposure suit a range of commercial uses such as yard, storage or contractor operations. Includes large coverall building. The balance of the acreage is sloped, providing a natural buffer. An easy drive to Kamloops and the Shuswap.