The Salt Fowler Team at RE/MAX Vernon has listed a new property at 4505 23 Street in Vernon.
The epitome of a safe investment, this extensive commercial property boasts four separate shops, three individual detached structures, three fully fenced land compounds. With 1.5-acres of flat and usable land located close to a home hardware and abundant other businesses, the commercial lot also bounds a residential area offering the potential for residential development in the future. All the structures on site are solidly built and have been well-maintained, further with seven existing tenants with triple net leases in place, income opportunity is certain. Drive through access exists between all structures, with direct access to and parking for all shops and offices. With two main accesses, one on the main road and the other from the lane, the property is easy to locate and offers generous frontage and visibility. With an existing 7-8% cap rate already in place with more future growth potential on income, this commercial space is a safe investment that must be seen. Take a look today. Please see picture #2 in supplements. Land #1 - 9840 sq. ft. Shop#2 - 1500 sq. ft. Shop #3 - 1554 sq. ft. Shop #4/5 - 5725 sq. ft. Land #6 - 6300 sq. ft. Land #7 - 15,264 sq. ft. (id:2493).
Check it out!! Call us today to find out what your Vernon/North Okanagan BC real estate is worth!