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6719 W Saanich Rd 4,037 SF Retail Building Central Saanich, BC V8M 1J5 $2,100,000 CAD ($520.19 CAD/SF) 4.14% Cap Rate

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INVESTMENT HIGHLIGHTS

  • One million visitors annually to the Butchart Garden’s 5 minute drive to the West
  • Holding income in place with current tenant
  • Ample parking for current business
  • Tourist Commercial (C5) Zone allows for hotel development
  • Flat and serviced land on prominent corner
  • Long-standing restaurant location with built in goodwill

EXECUTIVE SUMMARY

0.92-acre site located at the Gateway to Brentwood Bay Village. Turn-Key restaurant in place suitable for an owner-occupier* or investor with future development potential.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,037 SF
Year Built
1982
Price
$2,100,000 CAD
Price Per SF
$520.19 CAD
Cap Rate
4.14%
NOI
$87,000 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.92 AC
Zoning
C5 - Tourist Commercial
Parking
25 Spaces (6.19 Spaces per 1,000 SF Leased)
Frontage
53’ on W Saanich Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

NEARBY MAJOR RETAILERS

CrossFit
Royal Bank of Canada
  • Listing ID: 33398921

  • Date on Market: 2024-10-03

  • Last Updated:

  • Address: 6719 W Saanich Rd, Central Saanich, BC V8M 1J5

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