1205 3rd Ave
Prince George, BC V2L 3E6
Local commercial Bien À vendre

1205 3rd Avenue presents an opportunity to acquire a fully renovated mixed-use investment property at the prominent corner of 3rd Avenue and Dominion Street in downtown Prince George, British Columbia. Positioned within one of Northern British Columbia's primary commercial and service hubs, the property benefits from exposure along a well-traveled corridor and proximity to government offices, retail services, professional businesses, healthcare facilities, educational institutions, and regional transportation routes that support year-round economic activity.
Originally constructed in 1948, the building underwent a comprehensive renovation program during 2016 and 2017, significantly improving the property's long-term operating profile. Major capital improvements included updates to the electrical and mechanical systems, roof, windows, and interior finishes throughout the building. A new fire panel was installed in 2022, further enhancing the property's infrastructure and reducing anticipated near-term capital requirements.
The asset is offered with established commercial tenancy and long-term lease commitments that provide ongoing income stability. Prince George serves as the economic centre of Northern British Columbia, supported by diverse employment sectors including healthcare, education, manufacturing, construction, forestry, mining, natural gas, retail, and government services. This broad economic base helps support business demand and investment activity across the region.
With a reported 5% capitalization rate, extensive recent renovations, and a highly visible corner location, the property offers investors the opportunity to acquire a stabilized mixed-use asset with durable income characteristics and limited deferred maintenance requirements.