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321 Fernwood Rd 3,334 SF 100% Leased Retail Building Salt Spring Island, BC V8K 1C3 $2,195,000 CAD ($658.37 CAD/SF)
Investment Highlights
- Renovated commercial building featuring a versatile 3-bedroom owner/operator suite that can also serve as a rental unit.
- Well-established hospitality venue with a history as the popular Off the Hook restaurant.
- Prime Fernwood location just steps from the dock, situated in one of Salt Spring Island's most sought-after neighborhoods.
- Turnkey opportunity for a food and beverage operator, with flexibility to accommodate a hybrid food, beverage, and retail concept.
Executive Summary
Excellent opportunity to acquire one of the few commercial properties in the Fernwood area of Salt Spring. This surprisingly busy corner includes the Flora Care and is steps away from Fernwood Dock and only 10 minutes to Ganges. Currently operating as the highly popular ‘Off the Hook’ restaurant, this 1/3-acre property boasts stunning ocean views and is improved with an approximate 3,400 sq.ft building with a licensed restaurant and 3-bed suite above, perfect for staff or an owner/operator.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,334 SF
Building Class
C
Year Built
1989
Price
$2,195,000 CAD
Price Per SF
$658.37 CAD
Percent Leased
100%
Building Height
2 Stories
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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321 Fernwood Rd
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