2489 Main St - Retail FOR SALE


West Kelowna, BC V4T 2H7
$1,999,000 CAD
250-870-2165
2489 Main St, West Kelowna, BC for Sale
$1,999,000 CAD
Retail - FOR SALE
1/26
null | Request Cap Rate

2489 Main St
West Kelowna, BC V4T 2H7


HIGHLIGHTS

  • Centrally located along Highway 97 with high visibility in the Westbank Commercial Core
  • Existing 4,012 SF multi-unit commercial building offering immediate income potential
  • C1 zoning supports mixed-use development with FAR up to 1.5 and building height up to four stories
  • Opportunity for redevelopment or land assembly in an area targeted for revitalization

OVERVIEW

Outstanding opportunity to acquire a .365-acre commercial property on Main Street in the heart of the Westbank Commercial Core. The property is flat, rectangular in shape, has about 90 FT of prime frontage along the Highway 97/Main St corridor and has a depth of about 180 FT. There isa stand-alone, multi-unit commercial building on the street-front of approximately 4,012 SF. This is an ideal opportunity for an owner-occupier, one who have interest in occupying a unit while holding onto a tenant to add a component of income to the purchasing equation. Paved parking area to the side and rear of the building. Zoned C1 – Medium Density Commercial Zone allowing a wide variety of primary uses. There is redevelopment potential with a current FAR of .25, while C1 zoning allows a FAR of 1.5, a maximum height of up to 4 storeys and a site coverage of 100%. West Kelowna has established plans for the revitalization of Westbank’s commercial core making this property a good candidate for potential redevelopment or assembly with neighbouring properties.

FOR SALE DETAILS

PRICE

$1,999,000 CAD

PRICE/SF

$498 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,810 SF

ZONING

C1

APN/PARCEL ID

003-498-832

ASK ABOUT THIS PROPERTY

Kris McLaughlinRE/MAX KelownaMore Info
250-870-2165

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Kris McLaughlinRE/MAX KelownaMore Info
250-870-2165

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