5461 12 Ave 14,058 SF 100% Leased Retail Building Delta, BC V4M 2B2 $2,264,311 USD ($161.07 USD/SF) 4.50% Cap Rate

Welcome to 5461 12th Avenue in Sunny Tsawwassen's commercial district. A solidly built (1992) 2 storey mixed use building (2 residential rentals on 2nd floor + 2 ground floor professional office units). Commercial units are both leased and 1 residential suite is leased. Owner's unit on 2nd floor (2,651 sf) is unoccupied and available for an owner/user to occupy or for rental. Site is designated for higher density in the "Neighborhood Centres and Corridors" along with the undeveloped properties to the West on the 12TH Avenue and North and West of the property on Malvern Place. Great holding income - offered at 4.5% cap rate - for a future higher density development site. Inquire to the listing agent for lease details, and rental and net income information.