FOR sale
investment property for sale in DOWNTOWN ABBOTSFORD
33775 Essendene Ave. Abbotsford, BC
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Building Size: 8,699 SF
Sale Price: $1,950,000 Cap Rate: Approx. 5.50% Sale Type: Asset Zoning: C7 - Historic Downtown Commercial Year Built: 1950 If you're looking for an investment property in the heart of Abbotsford's downtown core, than this building is it! Located right in the center of this historic community, on busy Essendene Ave, this street level storefront building has nearly 8700 SF of space, separated in to 2 units. Both units are now fully tenanted with 5 year lease terms and the investment offers a 5.5% approximate cap rate. Plus the downtown area continues to grow and be rejuvenated with new ideas and entrepreneurs, this property can only keep benefiting from what's to come.
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