Kelowna Investment Property with Development Potential

131 Commercial Drive Kelowna, BC V1X 4Z6, Canada
131 Commercial Drive
4,400  SF
$ 2,999,000.00

Description

Address

131 Commercial Drive Kelowna, BC V1X 4Z6, Canada

Opportunity

Embrace an unparalleled investment opportunity in the heart of Kelowna with this prime freehold, 4,400 square foot commercial real estate gem over a 0.47- acre flat site. Built in 1994, the structure, finishes and building systems have been well maintained by the owners. Centrally located near thriving industrial hubs at Reids Corner, this property offers unmatched convenience with excellent Highway 97 & 33 access and close proximity to the airport. With flexible C2 zoning and redevelopment potential. Serving as an outstanding holding property, it is further enhanced by high-quality commercial tenants secured under a new 3-year lease. Don’t miss your chance to own a piece of Kelowna’s flourishing commercial real estate, ripe with possibilities for both immediate income and future development. Secure your investment today!

Features

  • Excellent highway access
  • Fully landscaped
  • Visual exposure
  • Central HVAC
  • Well-maintained property
  • Holding income
  • Redevelopment potential

Details

Price: $ 2,999,000.00
Property Size: 4,400
SF
Property Type: Investment, Office
Property Status: For Sale
Site Size: 0.47 acres
Zoning: C2
Property Taxes (2023): $13,805.07
Year Built: 1994