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80 Westgate Rd
CR Willow Point Campbell River V9W 1R2

$2,390,000
Commercial Sale built: 1970

Main Photo: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 1: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 2: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 3: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 4: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 5: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 6: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 7: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Photo 8: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
950619
Year Built:
1970
Capitalize on a valuable investment opportunity with Westgate Plaza, a single level multi-tenant retail strip mall located at 80 Westgate Road in the heart of the Willow Point shopping district. The 8,300-square-foot center features a dynamic mix of 6 tenants including a restaurant, retail and service-oriented businesses, offering a stable acquisition for a new owner. Fully occupied with the longest lease until 2033, Westgate Plaza presents substantial upside potential and revenue growth. The commercial 2 zoning has potential for future development of a medium to high-density multi-family residential complex. Invest in Campbell River - a thriving hub of northern Vancouver Island and the central coast region, with a population of more than 37,500 and acts as the urban service centre and hub community for approximately 60,000 people living and working in the region.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1970 (Age: 54)
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
CR Willow Point, Campbell River
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.51 acre(s)
Taxes:
Construction:
Concrete
Foundation:
Concrete Perimeter
Number of Storeys:
1
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
8,357 sq. ft.
Commercial Area:
Subdivisable Area:
Yes
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Mixed
Fireplace:
No
Pending Date:
Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Campbell River
Legal Description:
Zoning:
C2
Legal Non-Conformance:
Yes
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Marina Nearby, Shopping Nearby
Parking Features:
On Site
Total Parking Spaces:
31
Road Frontage Type:
Highway
Road Surface Type:
Paved
Total Units:
Date Listed:
Jan 05, 2024
Original Price:
2390000.0
  • Photo 1: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
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  • Photo 2: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
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  • Photo 4: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
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  • Photo 5: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
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  • Photo 7: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
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  • Photo 8: 80 Westgate Rd in Campbell River: CR Willow Point Mixed Use for sale : MLS®# 950619
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Listed by RE/MAX Check Realty
Data was last updated April 25, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,762,500
Min list price:
$89,000
Max list price:
$9,300,000
Avg days on market:
74
Min days on market:
8
Max days on market:
292
These statistics are generated based on the current listing's property type and located in Campbell River. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.