- ©MLS 10393107
- Area 15000 sq ft
- Parkings 20
Description
Fully leased, income-producing investment opportunity in the heart of downtown Vernon. This well-maintained three-storey office building is fully occupied by five established tenants, providing immediate, stable cash flow with an approximate 5.25% cap rate based on the current asking price and existing rental income. Offering approximately 13,778 rentable square feet, elevator service, and exceptional corner exposure, this is a turnkey commercial asset in one of Vernon's most sought-after downtown locations. A rare second parcel with 20 owned parking stalls provides outstanding value, additional income potential, and future redevelopment flexibility. With zoning that supports redevelopment of up to 16 storeys, this property offers both reliable income today and significant long-term upside. Surrounded by professional offices, restaurants, shopping, government services, and everyday amenities, this is an exceptional opportunity to acquire a premium investment property in Vernon's downtown core. (id:48970) Show More
Details
- Constructed Date: 1995
- Property Type: Other
- Type: Residential Commercial Mix
- Neighbourhood: City of Vernon
Features
- Elevator
- Heat Pump
- Sprinkler System-Fire
Location
Similar Properties
For Sale
$ 1,249,000 $ 171 / Sq. Ft.
- 10391174 ©MLS
- 0 Bedroom
- 0 Bathroom
For Sale
$ 3,500,000 $ 144 / Sq. Ft.
- 10385996 ©MLS
- 0 Bedroom
- 0 Bathroom
For Sale
$ 6,750,000 $ 309 / Sq. Ft.
- 10371124 ©MLS
- 0 Bedroom
- 0 Bathroom
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
Data provided by: Okanagan-Mainline Real Estate Board