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$10,200,000
Est. payment /mo
25,126 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 25,126 sqft
Price per Sqft $405
Subdivision Kelowna South
MLS® Listing ID 10339760
Originating Board Association of Interior REALTORS®
Year Built 1993
Property Description
This strategically located commercial building offers a unique investment opportunity in South Pandosy making it ideal for businesses looking to capitalize on visibility and accessibility. This 3 story building is 25,126 sq ft and it is currently leased for a variety of uses, including retail space, professional offices, primarily medical and engineering. Situated in the heart of South Pandosy Business District, offering easy access to major roads and public transportation. There are 48 dedicated parking spaces available on site, plus street parking. Located in a bustling commercial area with significant foot traffic and nearby amenities. Wheelchair accessible with elevators and ramps. This property provides excellent potential for long-term appreciation and stable rental income. With the area's rapid development and growing demand for commercial space, it's an ideal option for investors. The flexible zoning also provides the opportunity for various redevelopment projects up to 6 stories adding significant value to the property. Nearby Amenities include Shopping centers, restaurants, and cafes public transport options, medical facilities, Kelowna General Hospital, Kelowna College, schools, and professional services. Two blocks from Okanagan Lake and green spaces. Stabilized cap rate is over 5%. (id:24570)
Location
Province BC
Zoning Commercial office
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 48
Private Pool No
Others
Virtual Tour https://youtu.be/2LDtWbL8S5U
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Listed by RE/MAX Kelowna