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3100 35 Street, Vernon, British Columbia V1T 9H4

9900 sqft

$2,300,000

COMMERCIAL STRIP MALL- Fabulous INVESTMENT OPPORTUNITY Right in the heart of the "City Centre District" lye this pristine 9900 SF multi-tenant building with great street appeal spanning 363of road frontage on 35th St. C-4 Street- Oriented Commercial. 10 separate demised units 9 Ground commercial and 1, 2nd floor unit*. 7 good, long term tenants, one tenant has three units. All triple net term leases with strong tenant mix mostly service orientated. The building produces a *6%+ CAP rate with the commercial mix. Pride of ownership is very evident in this extremely well cared for building and property. Effective age is +- 23 years with remaining economic life at 36-41 years. All maintenance is/has been performed on a scheduled basis. (Detailed records available). the building has a stable and diverse tenant mix made up of mostly services businesses with little exposure to retail ups and downs. The building is in the heart of City Centre District (District 1) City Centre is a mix of commercial and small lot residential development with some medium density residential development. People are drawn to the area for work, shopping, community events and recreational opportunities. signed NDA required for info Pac and detailed rent roll (id:31501)

Property Details

MLS® Number 10240011
Property Type Office
Neigbourhood City of Vernon
Community Name Discovery Plaza

Building

Constructed Date 1991
Exterior Finish Stucco
Size Interior 9900 Sqft
Type Offices
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 363 Ft ,5 In
Size Irregular 0.467
Size Total 0.467 Ac|under 1 Acre
Size Total Text 0.467 Ac|under 1 Acre
Zoning Type Residential/commercial

https://www.realtor.ca/real-estate/23625334/3100-35-street-vernon-city-of-vernon

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