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:4069)
Address
3607 31 Street
List Price
$1,498,000
Property Type
Office
Type of Dwelling
Offices
Transaction Type
Sale
Area
British Columbia
Sub-Area
Vernon
Floor Area
9,362 Sq. Ft.
Lot Size
0.29 Sq. Ft.
Year Built
1995
MLS® Number
10368772
Listing Brokerage
Royal LePage Downtown Realty
Postal Code
V1T5J4
Features
Wheelchair access
