Investment Property For Sale - Downtown Abbotsford

33775 Essendene Ave Abbotsford, BC V2S 2H1

33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA
33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA 33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA 33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA 33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA 33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA 33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA
FOR SALE
Property Type:
Mixed Use
Amount:
$1,950,000 to
Cap Rate:
5.50%
Last Verified:
Mar 16, 2020

Charles D. Wiebe, CIPS, E. Tech
Marty Peters, CIPS
CDW & Associates - RE/MAX Little Oak Realty,  RE/MAX Commercial Real Estate
www.CDWandAssociates.com


INVESTMENT PROPERTY FOR SALE – DOWNTOWN ABBOTSFORD

33775 Essendene Avenue   Abbotsford, BC

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.


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

For more information and to download a brochure, please visit:
https://www.cdwandassociates.com/33775-essendene-ave-abbotsford-bc.html


Charles D. Wiebe, CIPS, E. Tech
Marty Peters, CIPS
CDW & Associates - RE/MAX Little Oak Realty, RE/MAX Commercial Real Estate
www.CDWandAssociates.com


Additional URLs

Map of 33775 Essendene Ave, Abbotsford, BC, V2S 2H1, CA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.