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$1,498,000
Est. payment /mo
9,362 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,362 sqft
Price per Sqft $160
Subdivision City Of Vernon
MLS® Listing ID 10368772
Year Built 1995
Lot Size 0.290 Acres
Acres 0.29
Source Association of Interior REALTORS®
Property Description
Fully Leased Commercial building in prime Vernon location with 6000 SF of leasable space. This hard to find investment property presents a rare opportunity for investors seeking a stable, income-producing asset. With its strategic placement between Vernon's two busiest streets (27th Street and Highway 97) guarantees high traffic exposure, strong demographics, and excellent connectivity to surrounding neighborhoods. The building is well maintained and three of the four tenants have done recent renovations to modernize their units. There is convenient on site parking for both tenants and customers to the building. Beyond its current performance, the property offers significant long-term upside - the Official Community Plan designates the site for Mixed Use High Density Commercial and Residential, making it an ideal candidate for future redevelopment and value appreciation. NOTE: The owner's preference is a share sale. Due to the sensitive nature of the tenant businesses, property showings will be reserved exclusively for qualified buyers actively engaged in the offer process. (id:24570)
Location
State BC
Rooms
Kitchen 0.0
Interior
Heating See remarks
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Roof Type Unknown
Private Pool No
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Listed by Royal LePage Downtown Realty
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