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Prime Commercial Property - Downtown Vernon For Sale

Vernon, British Columbia, Canada
Asking Price:
$2,498,888 (CAD)
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

INVESTMENT OVERVIEW

Prime mixed-use investment opportunity located downtown Vernon. This Property is situated in the bustling heart of downtown Vernon. This two-storey commercial building, encompassing a total of 14,438 SF, offers a mix of passive and active income streams, making it an ideal addition to any investment portfolio.

PROPERTY HIGHLIGHTS

Vibrant Second-Floor Business: Home to the Vernon Hostel, a well-established 30-bed hostel complete with a manager's suite, offering a steady source of income.

Ground-Floor Tenant: The main floor is occupied by the Kawakubo Restaurant, a long-term tenant known for its popularity.

Property Information

Real Estate:

Real Property Included

Location:

Situated in downtown Vernon, this property enjoys a prime location in a vibrant commercial district, surrounded by various amenities and high foot traffic. The strategic positioning ensures excellent visibility and accessibility, making it attractive for current and potential tenants. Vernon is known for its thriving community and dynamic business environment, providing a supportive backdrop for commercial success.

Premises Details:

Convenient Freight Elevator: The property is equipped with a freight elevator, facilitating easy transport of goods from the main floor to the basement.

Size in square feet:
14,438

Business Operation

Expansion Potential:

Emerging Revenue Stream: A newly prepared 1,200 SF space designated for a Cannabis Dispensary (Cannabis Retail License #450426) is set to enhance the property's income potential. Additionally, there is an extra 3,070 SF of rentable basement space, providing further opportunities for revenue.

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Up to 50% Vendor Take-Back (VTB) financing available.