VICTORIA

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942 Hillside Ave
Vi Hillside Victoria V8T 2A1

$3,600,000
Commercial Sale

Main Photo: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 1: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 2: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 3: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 4: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 5: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 6: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 7: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Photo 8: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
924885
Rare opportunity to purchase an attractive multi-tenanted retail strip mall property in a strong up and coming area just north of the vibrant Quadra Street Village. The property is anchored by two long-term tenants (Susan James and Taco Time). The property may be suitable for 3 different types of purchasers. For an owner / occupier purchaser, there is up to 2,287 SF of vacant space formerly occupied by 2 retail tenancies (Zsa Zsa and Tanlines) that were owned and operated by the current owner of the building. With the flexible C1-QV zoning, this property could be ideal for a wide range of owner / occupiers who would occupy all or a portion of the vacant space. For the investor purchaser, we have several qualified parties interested in leasing all or a portion of the vacant area. For a Developer purchaser, the two existing tenancies can be terminated with notice. Please do not approach staff in existing tenancies.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Lease Type:
Absolute Net
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Hillside, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
12,010.083 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
6,609 sq. ft.
Leasable Area:
6,609 sq. ft.
Commercial Area:
Subdivisable Area:
Yes
Fireplace:
No
Pending Date:
In the Quadra Street Village area.
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 Victoria
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
Date Listed:
Mar 06, 2023
Original Price:
3600000.0
  • Photo 1: 942 Hillside Ave in Victoria: Vi Hillside Retail for sale : MLS®# 924885
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Listed by NAI Commercial (Victoria) Inc.
Data was last updated March 25, 2023 at 08:05 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$645,000
Min list price:
$36,000
Max list price:
$6,295,000
Avg days on market:
78
Min days on market:
4
Max days on market:
426
These statistics are generated based on the current listing's property type and located in Victoria. 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.