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4525 Lakelse Ave 24,100 SF 100% Leased Retail Building Terrace, BC V8G 1P3 $3,500,000 CAD ($145.23 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Downtown Location: Situated in Terrace’s Central Business District with excellent visibility and access
- Redevelopment Potential: Opportunity to add residential units on the second floor
- Flexible Configuration: Ideal for retail, showroom, office, or service-based businesses
- Former Kondolas Furniture Building: Expansive, open-layout retail space ready for occupancy or repurposing
- Zoning: C1-A zoning permits a broad range of commercial and mixed-use redevelopment options
EXECUTIVE SUMMARY
Well located in the central business district in Terrace, this large retail building is the former home of Kondolas Furniture. This space is large, open and ready for your business. Residential redevelopment potential on the second floor adds utility. C1A zoning allows a wide variety of potential uses
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
24,100 SF
Building Class
B
Year Built
1994
Price
$3,500,000 CAD
Price Per SF
$145.23 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.30 AC
Zoning
C1A - Commercial
Parking
9 Spaces (0.37 Spaces per 1,000 SF Leased)
Frontage
263’ on Lakelse Avenue
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
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4525 Lakelse Ave
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