2116 Alberni Hwy

PQ Errington/Coombs/Hilliers Errington V0R 1M0

Prime investment opportunity in Errington, BC, offered significantly below its assessed value and replacement cost. Set on 20+ acres of level, fertile land, the property features 38,500+ sq ft of improvements, including a 26,000 sq ft state of the art cannabis production facility constructed in 2018/2019 with production and processing licenses in place and currently vacant. An additional 8,810 sq ft warehouse is rented month to month to an agricultural grower, providing holding income, with two residential suites offering further rental potential. Zoning CD 16 allows a wide range of uses including farm, dwelling, retail, restaurant, and farm business. Ideally located 8 minutes to Parksville, 36 minutes to Departure Bay ferry terminal, and 43 minutes to Nanaimo Airport. Highway frontage near the popular Coombs Market offers excellent exposure and future producer retail store potential. Licensed facilities of this scale rarely come to market, offering substantial long term upside.