195 Highway 33 W - Retail FOR SALE


Kelowna, BC
$37,500,000 CAD
778-858-0459
195 Highway 33 W, Kelowna, BC for Sale
$37,500,000 CAD
Retail - FOR SALE
1/25
null | 5.54% Cap Rate

195 Highway 33 W
Kelowna, BC


HIGHLIGHTS

  • Opportunity to acquire multi tenant building with strong cash flow and future redevelopment potential
  • City of Kelowna's 2040 OCP policy guidance outlines 12 storey building at this site
  • More than 85% leased to AAA National & Regional tenants
  • Excellent visibility on Hwy33, main access to the Big White Ski Resort, Frontage 825’ on Hwy 33, return depth 260’
  • Ample outdoor surface parking and pylon signage

OVERVIEW

Plaza 33, a well-established, income-producing shopping centre strategically located along Highway 33 in Kelowna, BC. This highly visible and accessible property serves as a key commercial hub for Rutland. Over 85% of the leasable area is occupied by AAA national and regional tenants, including Save-on-Foods, Shoppers Drug Mart, TD Bank, RBC, Pizza Hut, Hub Insurance, Dynacare Valley Medical Lab and the Okanagan Regional Library. This exceptional tenant mix ensures stable, diversified income and minimal vacancy risk. In addition to its strong cash flow, Plaza 33 offers significant long-term upside. The City of Kelowna’s OCP 2040 supports the development of a twelve-storey building on the site, providing excellent potential for future redevelopment and capital appreciation.

FOR SALE DETAILS

PRICE

$37,500,000 CAD

PRICE/SF

$441 CAD /SF

CAP RATE

5.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza 33

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

298

LAND DETAILS

LAND ACRES

4.93 AC

LAND SF

214,751 SF

ZONING

UC4

APN/PARCEL ID

006-437-125,008-212-180,008-212-201

ASK ABOUT THIS PROPERTY

Praveen BajajCentury 21 Coastal Realty Ltd.More Info
778-858-0459

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Praveen BajajCentury 21 Coastal Realty Ltd.More Info
778-858-0459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.