$959,000
972 ALPINE AVENUE
100 Mile House, BC
About this property
City is on board for gas station with restaurant/c-store/car wash/fast food or hotel (check with city to verify). Currently 2 tenants with potential for 1 more. Cap rate is approximately 6%-6.5% with the current leases and potential to increase starting October 1st, 2026. Current C3 zoning allows for wide variety of business uses. 972 Alpine Avenue is located on the main Highway 97 as you enter 100 Mile from the south. Highway traffic exposure. Directly across from 3 brand name hotels and close to the new McDonalds. The adjacent property at 956 Alpine Avenue to the North is 12,000 SF vacant land w/ C3 zoning and is also for sale by the same owner. A major Gas Company once had issued a LOI for a gas station combo for this location. With a high occupancy rate of Hotels/Motels in town make this property a great investment. Property has 3 phase electricity, 2 meters and a big pylon sign structure for additional exposure. Nearly all of the property area is paved with plenty of parking and storage. (id:66946)
Features
Listing courtesy of Century 21 Coastal Realty Ltd.. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.