COMMERCIAL OPPORTUNITY
Take advantage of the opportunity to run your business out of a piece of Armstrong’s history. This newly and extensively renovated commercial/residential building was once the Armstrong theatre. This space offers two floors (with separate entrances) and is perfect for running 1 or 2 businesses out of it. 1035 sq ft up and 1114 sq ft down. Ideal for many different opportunities and uses. Bring your ideas. The lease is $2000/month, plus triple net at $2.50/sq ft* (*Please note that the triple net is approximate and may fluctuate as the landlords have yet to receive clear tax information). The fees would cover water, sewer, garbage, recycling, insurance, taxes, snow removal and maintenance. There is potential for the offer of additional storage in the basement (to be negotiated with the landlord).
$2,000/ mo + NNN
Let's take a closer look.
Take the Virtual Tour.
Would you like to see more? Take a look at the virtual tour of this amazing home and see it’s splendor for yourself.
Frequently Asked Questions
A triple net lease (triple-net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities. In contrast, in standard commercial lease agreements, some or all of these payments are typically the responsibility of the landlord.
The fees would cover water, sewer, garbage, recycling, insurance, taxes, snow removal and maintenance.
Ultimately, the longer the term, the better. A two year term would be a great place to start.
There are a few limitations as to the type of business that can be run in this location. Retail store fronts, office space, studios, galleries, some food service, the sky is the limit. Industril, however, is not permitted.
If you are not already dealing with a real estate agent that’s familiar with commercial transactions, call Lyle Doucette at 250-309-1493 and he can help out.
GREAT BUSINESS OPPORTUNITY
Looking to be your own boss? Check out this amazing business opportunity in the heart of downtown Vernon.
