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Exceptionally Built Commercial Building With New Zoning Potentially For Sale

Vernon, British Columbia, Canada
Asking Price:
$6,750,000 (CAD)
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
$250K - $500K (CAD)

Property Features:

1) Exceptionally built commercial building new zoning potentially
Allows for 16 stories
2) Parking Level Tenant: 9,342 SF; Beverage Manufacturer.
3) Main Level has two tenants; 1) Pub & Brewery, and 2) Engineering Firm.
4) Parking Level: 9,342 SF.
5) Main Level: Pub & Brewery 10,076 SF, Engineering Firm 2,400 SF.
6) New Cultural Centre is in development. This new facility is a planned to promote
arts, heritage, and community gathering...one block away.
7) Zoning Bylaw 6000: Streamlined development, Adjustments to regulations,
increases building height.
8) Parking Level could also be used for monthly parking, there are 28 parking stalls.9) Vernon 9) Population Growth - 11.0% from 2016 - 2021
10) Vernon's projected population growth increase is 47% by 2046.
11) The Cultural Centre is about a $46M project. The Cultural Centre is targeted to Open in May of 2028.

MLS AoIR: 10371124
MLS: GVR: 8074547

Property Information

Real Estate:

Real Property Included

Location:

Downtown, Vernon, BC

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

New zoning bylaws allow for up to 16 stories.

Reasons for selling:

Portfolio change

Trading hours:

there are three tenants. Hours vary.

Employees:
0

Other Information

Support & training:

Owner will make introductions to city staff.

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