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Optional Clinic Property In A Beautiful Location For Sale

Salmon Arm, British Columbia, Canada
Asking Price:
$500K - $1M (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
On request

This 2724 sq ft commercial property is in prime location near downtown Salmon Arm BC, “Best Place to Live” in British Columbia (McLeans 2019). Steps away from the lakefront and famous bird watching and nesting area, it is two connected ground floor units (1390 and 1334 square feet), accessible, with 14 parking spaces. Although presently joined, the units are also available separately.

Built in 2004 as 1-bedroom live/work units, both are presently commercial space. One or both could revert to a residence, providing a home and an office with a very short commute.

Presently built out and set up as an allied healthcare clinic, the owner (semi-retired) can leave furnishings and equipment in place. Excellent opportunity for healthcare clinic, wellness business, spa. Assume a turn-key clinic (presently 9 treatment rooms). Practitioners are in place to pay your overhead if you wish to retain them. If not, we would require 3 months transition time.

Ideal for chiropractor, naturopath, physiotherapist, or any type of medical practice.

Allied or complementary, nutritional, lifestyle, and preventive medicine is a burgeoning market – particularly in this geographical area.

The owner is an experienced clinician and business owner, available to assist through transition, will continue as a health care provider on a part-time basis if wished.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Because of zoning and history as live/work units, the potential is there to run a business/clinic from one unit and retrofit the other unit to a residence. Or to retrofit a portion of one unit to one-bedroom residence.

Location:

Prime downtown, waterfront, near walking trails, nature center, retail. Growing, active, diverse community. Easy access to cross country and downhill skiing, boating, biking, hiking, many local golf courses.

Premises Details:

Commercial ground floor, 2724 sq ft, two joined units. Three residential units above. Fourteen parking spaces for commercial units. The two ground floor units were originally 'live/work' properties and either could be refitted to contain a one-bedroom suite. Configuation presently includes a large waiting room, nine treatment rooms, one office, three bathrooms, two laundry rooms, one kitchen, a library/lunch area, and a large deck/patio. New roof and exterior paint in last two years. Either or both units are available for sale or lease.

Size in square feet:
2,724
Planning Consent:

Live/work reconversion potential, as above. Units are two separate deeded properties presently joined by interior doorways.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The clinic, as configured, can accomodate multiple practitioners and has considerable expansion potential (and history) in terms of volume. Or a new owner could start with one of the units (half the square footage) if they preferred, then expand into the second unit in the future.

Competition / Market:

Allied, complementary, nutritional, lifestyle, and preventive medicine is a burgeoning market – particularly in this geographical area. While there are other allied health clinics in the area, This Health Clinic was one of the first and is well known with a steady flow of clients.

Reasons for selling:

Owner is nearing retirement, wishes to downsize and reduce her patient load.

Trading hours:

Mon-Fri with some evening hours.

Employees:
2 with 9 contracted practitioners
Years established:
20

Other Information

Support & training:

The owner has a strong background in business, has been a business-owner for over 40 years and will provide transition assistance as needed. She is an experience clinician, well known in the community, and will assist a new health care provider in establishing themselves. Real estate only is also an option.

Furniture / Fixtures value:
$26,000 (CAD) - included in the asking price
Inventory / Stock value:
$16,000 (CAD) - included in the asking price
Home based:
This business can be run from home