261 Alexander Street Ne Salmon Arm, British Columbia V1E 4N3
$559,900
Capture this solid piece of the downtown Salmon Arm core with this excellent mixed-use investment property. Perfectly situated on one of the busiest streets, this building offers high visibility and attracts significant foot and vehicle traffic, ideal for any business. The structure features 1200 square feet per floor. The main level's dedicated storefront retail space is currently occupied by a commercial tenant who has 14 months remaining on their lease, providing immediate and secure commercial income. The upper floor boasts a well-maintained residential suite (one bedroom plus a den) with an existing tenant on a month-to-month lease, ensuring dual streams of stable rental cash flow.This is a turnkey chance to own a commercial building in a rapidly growing community, offering both commercial stability and residential income with high visibility. Call today! (id:41053)
Property Details
| MLS® Number | 10366096 |
| Property Type | Other |
| Neigbourhood | NE Salmon Arm |
Building
| Constructed Date | 1955 |
| Heating Type | Forced Air, See Remarks |
| Roof Material | Tar & Gravel |
| Roof Style | Unknown |
| Size Interior | 2581 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Current Use | Mixed Use |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.03 |
| Size Total | 0.03 Ac|under 1 Acre |
| Size Total Text | 0.03 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/29003647/261-alexander-street-ne-salmon-arm-ne-salmon-arm
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December 17 2025 11:19:42
Okanagan-Mainline Real Estate Board
Royal LePage Access Real Estate
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Contact the HCM Group
The HCM group is happy to assist in any way possible on the potential purchase or sale of any property here in the Okanagan Valley. With a history dating back to 1911, we know the area like the back of our hands.