Gibsons Development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30432186
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 10,068 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $148.99 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/21/2020

Overview / Comments

Gibson’s 3 Lot Land Assembly/Development Opportunity (Totaling 141,000 sf), 909 Gibsons Way, V0N 1V7, 30,000 sf lot with 100 foot frontage on Gibsons Way (Gibson’s Cinema) across the street from Sunnycrest Mall, 7 min drive from the Langdale Ferry Terminal on the Sunshine Coast. Building is on 3 levels, Theatre is on the main, Office on the 2nd level, and two residential suites on 3rd level. Current Income is $3500/month for the Cinima and $1900/month for the two residential units and office space. Recent upgrades incl new carpets and paint in the suites new roof on top portion and some re paving. (Note, 895 Gibson’s Way “Cedars Inn Hotel” next door on a 62,000 sf lot is also on MLS at $6M) + 921 Gibsons “ Home Hardware” 49,000 sf is listed at $2.2M (on exclusive). Both Sellers also open to a JV, Please go to listing agents web site for Video, info package and site map.

Additional Details

Regional District: Sunshine Coast
Parcel ID: 009-103-198

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Photograph of Listing Agent

Les Twarog

RE/MAX Crest Realty (W7) Commercial First Member
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