Exclusive Offer! Free standing income building on Russell Ave. White Rock.
The subject property is located within the most prosperous commercial area, it has great traffic and pedestrian exposure. The property lot size is approx. 9,644 Sq. Ft. with 60 ft frontage on Russell Ave.
Building is approx. 4300 SF, fully lease to two tenants at total $68,150 net income per annual. 14 parking stalls at front.
The property is currently under CR-1 Zoning. The Town Center Plan shows it as becoming park land, which assume it will be developed in conjunction 1513 Johnston Rd. Current FSR is 1.75, may have potential to increase. (Notice, FSR above 1.75 requires amenity contributions by the City)
All numbers are approximate, need to be verified by the Buyer.
An excellent investment property!