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$ 592,000
Est. payment | /mo
8,969 SqFt
$ 592,000
Est. payment | /mo
8,969 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 8,969 sqft
Price per Sqft $66
Subdivision Trail
MLS® Listing ID 10348054
Year Built 1963
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Available for sale is the Trail Daily Times Building, located at 1163 Cedar Avenue, in downtown Trail, BC. Occupied by the Trail Times (now Black Press Group Ltd.) for +50 years and Steps Dance Centre for +20 years, this iconic centrepiece sits between the Kootenay Savings Credit Union (KSCU) headquarters and the recently renovated Austin Engineering (BBA Consultants) building, and within a 1-minute walk from Ferraro Foods, Starbucks, Shoppers Drug Mart, A&W, Dairy Queen, McDonald's, and many other convenient retail, entertainment and service amenities offered in downtown Trail. The property is centrally located and prominently positioned along Cedar Avenue, with direct access and visibility from Highway 3B, occupying an irreplaceable location at the heart of Trail's downtown core, supporting the property's long-term competitive positioning. Currently 100% leased, the Property comprises approximately 7,880 SF of rentable area across two floors, generating ""high yield"" net income of +$53,083. Trail represents a growing regional trade area supported by one of the world's largest fully integrated zinc and lead smelting and refining complexes – owned and operated by Teck (TSX: TECK.B), with 2024 gross revenues of +$2B for Teck's Trail Operations alone. Trail is located in the West Kootenay region of the BC Interior, which represents one of Canada's top four-season recreational tourism destinations, attracting visitors from all over North America. (id:24570)
Location
Province BC
Zoning Commercial
Rooms
Kitchen 0.0
Interior
Heating Heat Pump, Other
Cooling Heat Pump
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Roof Type Unknown
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Kelowna
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1 - 1890 Cooper Road, KELOWNA, British Columbia, V1Y 8B7, CA