Princeton Retail Spaces for Sale

Princeton Retail Space for Sale

219 Vermilion Av

Princeton, BC V0X 1W0

Retail for Sale
$2,360,000 CAD
10,001 SF

Princeton Retail for Sale

Fully Leased Investment Property: Multi-tenanted commercial and residential building, offered at $2,360,000 with a strong 7% CAP rate on the asking price. Solid Tenant Mix: Main floor retail unit (approx. 9,577 sq. ft.) leased to Fields Store until October 2029, with two 5-year renewal options. Residential component includes 10 upgraded units (seven 1-bed, one 2-bed, two bachelor suites). Recent Upgrades: Electrical, plumbing, heating, and cooling systems updated in 2021. Commercial unit renovated in 2024 with new LED lighting, flooring, drywall, paint, ceiling tiles, and furnace. New air conditioning scheduled for spring 2025. Attractive Income: Total gross annual income of $239,230.08, with net income of $165,530.08 after operating Prime Location: Situated on a 13,024 sq. ft. C2-zoned lot in the heart of Princeton, a growing community with competitive operating costs, low municipal tax rates, and a robust labour pool. Economic Drivers: Region supported by forestry, mining, and tourism. Copper Mountain Mine, a major local employer, has an estimated life to 2044. Fields Store Anchor Tenant: Fields is a well-established department store chain with over 60 locations across Western Canada, providing stability and reliability for investors

Contact:

Re/Max Bob Plowright Realty

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-12-09

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Retail Spaces for Sale in Princeton

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How many retail spaces are available for sale in Princeton?

There are currently 1 retail spaces available for sale in Princeton, offering a unique opportunity for businesses to establish a presence.

How big are the retail spaces available for sale in Princeton?

The average size of retail spaces available for sale in Princeton is about 10,001 SF. The largest retail spaces available to buy is 10,001 SF and the smallest is 10,001 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for retail spaces in Princeton?

The average market cap rate for retail spaces for sale is about 7.00% based on data provided in Princeton. Learn more about how cap rates are calculated.

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Retail Space for Sale in Princeton