About 2931 Moray Ave
Investor opportunity!! 5% cap rate from 2 tenants: Rogers Communications has a small fenced in compound with a cell tower in the back right corner; Wayward Distillery occupies 95% of the property & 100% of the building. Lease for Wayward expires June 30, 2029, with one 5 year option to renew. Wayward has a retail store component right at the entry, which serves as both a tasting room & storefront. There's a 2 piece bathroom at the back of this space. They've added some nice touches such as a timber frame covered entry to the building, & 2 electric vehicle plug-ins by the front entry. Rogers is basically a permanent tenant by virtue of a Right of Way registered against the title which governs their access, right to use, & defines the rent structure being tied to CPI. The upstairs mezzanine has 2 offices & a staff lunchroom with a 2 piece bathroom. Located just off the 29th St. (South) connector, this area is mostly Light Industrial (I-2) zoned. At least 7 off-street parking spots.
Features of 2931 Moray Ave
| MLS® # | 997340 |
|---|---|
| Price | $1,150,000 |
| Square Footage | 3,000 |
| Acres | 0.44 |
| Year Built | 1990 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 2931 Moray Ave |
|---|---|
| Area | CV Courtenay City |
| City | Courtenay |
| County | Courtenay, City of |
| Province | BC |
| Postal Code | V9N 7S7 |
Amenities
| Utilities | Cable Available, Electricity To Lot, Natural Gas To Lot, Phone Available |
|---|---|
| Parking Spaces | 7 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Other |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Fencing: Full, Lighting, Low Maintenance Yard, Sign: Allowed, Storefront |
|---|---|
| Construction | Aluminum Siding |
Additional Information
| Date Listed | April 30th, 2025 |
|---|---|
| Days on Market | 16 |
| Zoning | Light Industrial I-2 |
Listing Details
| Office | Royal LePage-Comox Valley (CV) |
|---|