Listing Info
Name
Address
3607 31 Street
Legal
Site Size
Sites
Income
$0
Price
$1,498,000
Status
Active
Description
Fully Leased Commercial building in prime Vernon location with 6000 SF of leasable space. This hard to find investment property presents a rare opportunity for investors seeking a stable, income-producing asset. With its strategic placement between Vernon's two busiest streets (27th Street and Highway 97) guarantees high traffic exposure, strong demographics, and excellent connectivity to surrounding neighborhoods. The building is well maintained and three of the four tenants have done recent renovations to modernize their units. There is convenient on site parking for both tenants and customers to the building. Beyond its current performance, the property offers significant long-term upside - the Official Community Plan designates the site for Mixed Use High Density Commercial and Residential, making it an ideal candidate for future redevelopment and value appreciation. NOTE: There is an accepted offer and back up offer on this property. There will be no showings at this time. (id:6769)
