4805 Mar St - MLS® # 998038

Property Details

List Price:
$1,950,000
Living Area:
0 sqft.
Bedrooms:
N/A
Bathrooms:
N/A
Lot Size Area:
29923 sq.ft.
Taxes:
15000.0
Type:
Office
Style:
N/A
Basement:
Year Built:
N/A

Description

Prime Government-Leased Investment Opportunity in Port Alberni This centrally located downtown building features two long-term government tenants, offering exceptional stability and income potential. The Government of Canada occupies approximately 4,377 square feet, while the Province of British Columbia leases 10,382 square feet—housing Service Canada and WorkBC offices. With excellent street exposure, ample parking, and easy accessibility, this property is ideally positioned in the heart of Port Alberni’s commercial core. The current proforma demonstrates a strong return, with projected cap rates in excess of 7%. A rare opportunity to secure a worry-free, government-backed income stream in a growing Vancouver Island market.

Listing Provided By

Royal LePage-Comox Valley (CV)

Neighborhood Info

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  • Mid-Island Realty
  • 4201 Johnson Road
  • Port Alberni, BC
  • V9Y 5M3