Description

Prime investment opportunity in the heart of Errington, BC, offered significantly below assessed value and replacement cost. Set on 20+ acres of level, fertile agricultural land, this highly versatile property features approximately 38,500+ sq ft of improvements designed to support large scale production, processing, and a range of alternative commercial uses. The main 26,000 sq ft state of the art cannabis production facility was constructed in 2018/2019 and includes production and processing licenses in place. An 8,810 sq ft warehouse is rented to an agricultural grower, providing immediate holding income, with flexibility for future owner use. Two residential suites further enhance income potential, including a two bedroom suite and a larger four bedroom residence located above the warehouse with access off Burgoyne Road. Zoning CD 16 permits a wide range of uses including farm operations, dwelling units, retail, restaurant, farm business, and home based business, making the property well suited for agricultural production, food processing, rural commercial, or mixed use operations, subject to approvals. Ideally located just 8 minutes to downtown Parksville, 36 minutes to the Departure Bay ferry terminal, and 43 minutes to Nanaimo Airport, the property offers excellent access for staff, logistics, and distribution. Prominent highway frontage along the Alberni Highway near the highly popular Coombs Market provides strong visibility and future producer retail store potential. Licensed facilities of this scale, flexibility, and land base are rarely available, making this a unique opportunity to acquire a highly adaptable, income producing rural asset with significant long term upside in one of Vancouver Island’s most desirable agricultural communities. (id:66360)

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