$4,179,000
3100 30 Avenue, Vernon V1T2C2
15,000 Sq Ft
Built 1995
Detached
Listed by: RE/MAX Vernon Salt Fowler.
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Description
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:66934)
Location
Approximate location supplied by the listing data provider.
Features
Parking: Additional Parking
Parking Spaces: 20
Structure: Residential Commercial Mix
Annual Taxes: $65,571
Lot Size: 0.23
Property Details
| Property Type | Detached |
|---|---|
| Sub Type | Other |
| Living Area | 15,000 sq ft |
| Lot Size | 0 sq ft |
| Year Built | 1995 |
| Parking | 20 spaces |
| Listing ID | 10393107 |
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