2437 Main St - Storefront Retail/Residential FOR SALE


West Kelowna, BC V4T 2H8
$1,400,000 CAD
250-575-2943
2437 Main St, West Kelowna, BC for Sale
$1,400,000 CAD
Storefront Retail/Residential - FOR SALE
1/20
null | 5.7% Cap Rate

2437 Main St
West Kelowna, BC V4T 2H8


HIGHLIGHTS

  • Located two blocks from the city’s transit exchange and near major amenities
  • Eight dedicated parking spaces at the rear of the property
  • Zoned C1, allowing for future redevelopment up to 19 storeys
  • Prime frontage on Main Street/Highway 97 with high daily traffic counts.
  • Steps away from grocers, shopping, restaurants, and other amenities

OVERVIEW

Exceptional opportunity to purchase a fully tenanted income producing two storey commercial building in Downtown West Kelowna. Priced at a 5.70% cap rate. Two ground floor commercial units and 2 residential units. The ground floor units total 1,675 SF. The two residential units are a 2-bed/2-bath unit and a 1-bed/1 bath unit which total 1,675 SF on the second floor. Residential units have recently been painted, and the 1-bedroom unit has had new flooring installed.8 parking spots at the rear of the building. High traffic location in West Kelowna’s busiest retail corridor, seeing approximately 15,000 cars passing each day. High visibility with frontage on Main Street/Highway 97 and positioned just 2 blocks from the city’s transit exchange center. Building square footages are approximate and would require verification if important. C1 – Medium Density Commercial Zone with zoning allowing up to 19 storey.

FOR SALE DETAILS

PRICE

$1,400,000 CAD

PRICE/SF

$418 CAD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C1

APN/PARCEL ID

005-028-621

ASK ABOUT THIS PROPERTY

Will PigottHM Commercial GroupMore Info
250-575-2943

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

Will PigottHM Commercial GroupMore Info
250-575-2943

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