3100 30 Avenue, Vernon, British Columbia V1T2C2

Listing courtesy of RE/MAX Vernon Salt Fowler.

$4,179,000
15,000
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$4,179,000
MLS®
10393107
Status
ACTIVE
Type
Commercial
Subtype
Other
Living Area
15,000
Lot Size Dimensions
0.23
Lot Size
10,018
Subdivision
City of Vernon

Property Description

Fully leased, income-producing investment opportunity in the heart of downtown Vernon. This well-maintained three-storey office building is fully occupied by five established tenants, providing immediate, stable cash flow with an approximate 5.25% cap rate based on the current asking price and existing rental income. Offering approximately 13,778 rentable square feet, elevator service, and exceptional corner exposure, this is a turnkey commercial asset in one of Vernon's most sought-after downtown locations. A rare second parcel with 20 owned parking stalls provides outstanding value, additional income potential, and future redevelopment flexibility. With zoning that supports redevelopment of up to 16 storeys, this property offers both reliable income today and significant long-term upside. Surrounded by professional offices, restaurants, shopping, government services, and everyday amenities, this is an exceptional opportunity to acquire a premium investment property in Vernon's downtown core. (id:5764)

Additional Information

Ownership
Freehold
Subdivision
City of Vernon
Parking Spaces
20
Cooling
Heat Pump
Country
Canada
Sewer
Municipal sewage system
Roof
Other, Unknown
Heating
Other
Lot Features
Elevator
Lot Size
10,018
Exterior Features
Brick, Stucco

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks