4505 23 Street, Vernon, British Columbia V1T 4K7



The epitome of a safe investment, this extensive commercial property boasts four separate shops, three individual detached structures, three fully fenced land compounds. With 1.334-acres of flat and usable land located close to a home hardware and abundant other businesses, the commercial lot also bounds a residential area offering the potential for residential development in the future. All the structures on site are solidly built and have been well-maintained, further with seven existing tenants with triple net leases in place, income opportunity is certain. Drive through access exists between all structures, with direct access to and parking for all shops and offices. With two main accesses, one on the main road and the other from the lane, the property is easy to locate and offers generous frontage and visibility. With an existing 7-8% cap rate already in place with more future growth potential on income, this commercial space is a safe investment that must be seen. Take a look today. Please see picture #2 in supplements. Land #1 - 9840 sq. ft. Shop#2 - 1500 sq. ft. Shop #3 - 1554 sq. ft. Shop #4/5 - 5725 sq. ft. Land #6 - 6300 sq. ft. Land #7 - 15,264 sq. ft. (id:31501)

Property Details

MLS® Number 10240486
Property Type Business
Neigbourhood City of Vernon
Amenities Near By Golf Course, Airport, Ski Hill, Schools, Public Transit
Features Central Location, Flat Site
Road Type Paved Road
View Type Mountain View, View


Constructed Date 1973
Exterior Finish Aluminum Siding, Brick
Roof Material Tar & Gravel
Roof Style Conventional
Type Commercial Mix
Utility Water Municipal Water


Access Type Easy Access
Acreage Yes
Land Amenities Golf Course, Airport, Ski Hill, Schools, Public Transit
Sewer Municipal Sewage System
Size Irregular 1.334
Size Total 1.334 Ac|1 - 5 Acres
Size Total Text 1.334 Ac|1 - 5 Acres



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