5830 ASH AVE

Powell River V8A 4R4

INVESTMENT PROPERTY - PRIME CORNER LOT with freestanding commerical kitchen, leased to a food production, sales and catering business. This property offers rental income with the upside from rent increases while also benefiting from substantial redevelopment potential. This prominent Townsite corner location has high visual exposure on the south-west corner of Marine (Hwy 101) and Ash Ave. and is in close proximity to the recently announced large scale and multi-faceted tisk'wat mill redevelopment. The C1 zoning allows for a wide variety of commercial and mixed uses, including ancillary residential. Superb potential for redevelopment to 2 or 3 stories with ocean and mill views from interior and exterior designed spaces. The existing post, beam and glass canopy over the deck was added in 2021 by the vendor. Excellent opportunity to own a commercial investment property with a substantial upside at this relatively low price point. Call the listing agent for more info. (id:2493)