Fully leased, income-producing investment opportunity in the heart of downtown Vernon. This well-maintained three-storey office building is fully occupied by five established tenants, providing immediate, stable cash flow with an approximate 5.25% cap rate based on the current asking price and existing rental income. Offering approximately 13,778 rentable square feet, elevator service, and exceptional corner exposure, this is a turnkey commercial asset in one of Vernon's most sought-after downtown locations. A rare second parcel with 20 owned parking stalls provides outstanding value, additional income potential, and future redevelopment flexibility. With zoning that supports redevelopment of up to 16 storeys, this property offers both reliable income today and significant long-term upside. Surrounded by professional offices, restaurants, shopping, government services, and everyday amenities, this is an exceptional opportunity to acquire a premium investment property in Vernon's downtown core. (id:4069)
Address
3100 30 Avenue
List Price
$4,179,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
British Columbia
Sub-Area
Vernon
Floor Area
15,000 Sq. Ft.
Lot Size
0.23 Sq. Ft.
Year Built
1995
MLS® Number
10393107
Listing Brokerage
RE/MAX Vernon Salt Fowler
Postal Code
V1T2C2
Ownership
Freehold
Parking Places (Total)
20
Features
Elevator
Heat Type
Other
Cooling Features
Heat Pump
Water Source
Municipal water
Sewer
Municipal sewage system
