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$ 5,790,000
Est. payment /mo
Price Dropped by $100K
7920/7912 Highland Road Vernon, BC V1H1W7
24,919 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 24919
Square Footage 24,919 sqft
Price per Sqft $232
Subdivision Swan Lake West
MLS® Listing ID 10380845
Year Built 1993
Lot Size 3.300 Acres
Acres 3.3
Property Sub-Type Freehold
Property Description
Exceptional investment opportunity featuring one of the North Okanagan's premier commercial gateway properties. Strategically positioned along the Hwy 97 corridor with over 40,000 vehicles passing daily (Ministry of Transportation), the property enjoys exceptional visibility from southbound Hwy 97, where unobstructed sightlines provide motorists with an elevated view for several hundred meters before the Highland Road access. This landmark location combines outstanding exposure, excellent accessibility and long established regional recognition. The property is improved with approximately 24,919 sq. ft. of retail, office, warehouse, cold storage on a fully developed commercial site provides exceptional flexibility for investors owner operators or future redevelopment , subject to applicable approvals. Currently under a triple net lease generating approximately $331,000 in annual base rent, the property offers dependable income while allowing purchasers to evaluate investment performance using their own underwriting assumptions. Extensive recent capital improvement incudes a metal roof (2022) three rooftop HVAC units (2025) LED lighting, automatic entry doors, commercial kitchen exhaust and fire suppression, data rewiring, parking and security fencing. Regional community sewer is underway along the Hwy 97 corridor. Adjacent property with 2.3 acres may be willing to sell too. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air, Other
Cooling Central air conditioning
Exterior
Parking Features Yes
Fence Chain link, Other
Community Features Family Oriented, High Traffic Area
View Y/N No
Roof Type Unknown
Attached Garage No
Garage Yes
Private Pool No
Building
Lot Description Level
Sewer Septic tank
Others
Ownership Freehold
Listed by RE/MAX Vernon
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