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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
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
Building Class
C
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
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 2
Videos
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Photos
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6719 W Saanich Rd
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