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Commercial Building on 1.5 Acres in Vernon

Presented at $1,395,000.00
MLS #: 10268232
Status: Sold

Highlights

In Vernon, B.C. you will find this approx. 3850 square foot one and a half story building on a level 1.227 acre site adjacent to 48th Avenue, also known as Silver Star Road. Land and building only, electrical business is not included in this sale! Ground floor is approx. 3052 sq ft with an 800 sq ft mezzanine. Building is a mix of precast & concrete block with some stucco, brick & metal exterior finishing w/ yard lighting & security cameras. Ample paved parking at the front, a fenced 9512 sq ft compound and a 924 sq ft lean-to at the rear of the building. This site has lane access at the rear which leads to the excess level yard area currently used as storage by third parties, no lease. As a condition of sale the owner will lease back the building and 0.55 of an acre at $4500/mo plus triple net for 5 yrs with 2 further 5 yr options for renewal. Potential to either lease out the approx. 0.66 of an acre of excess lands or build more buildings. Permitted site coverage as per the C11 zoning is 60%. This is a former gravel pit with associated stable surface. Good visual exposure off of a high traffic four lane road.

Zoning
   C11
Year Built
   1973
Lot Size
   1.227 acres
Taxes
   $$13,504 for 2022