7851 97 Highway Vernon, BC V1B3R9

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision City Of Vernon

MLS® Listing ID 10384387

Property Description

**LIMITED TIME OFFERING** Previously listed at $1,495,000; now offered at $1,350,000. PRICED TO SELL. Formerly a retail country goods store, 7851 Highway 97 blends rustic character and small-town appeal while offering the functionality needed for modern service commercial or retail businesses. This unique property offers 5,594 SF, including 4,024 SF on the main floor and a 1,570 SF mezzanine with an additional 2,360 SF covered section ideal for storage, outdoor display or weather-protected operations. Inside the building is an open retail area featuring two bathrooms, three change rooms and plenty of storage space, providing flexibility for a variety of layouts and uses. The site plan outlines unpaved parking for 26 vehicles, offering ample parking or yard space. The building features approximately 19' clear to the ceiling and 10' clear to the mezzanine, is equipped with 200 AMP 3 phase power and is serviced by a well water system. Zoned C-2 (Highway Commercial), this property allows for a broad range of uses including retail, service commercial, office and light industrial. This is an excellent opportunity for owner-operators seeking high exposure along Highway 97 at a tremendous value of $241 PSF OR for investors with $1.5M in supported value based on a 6% capitalization rate with market rents achieved. This presents an opportunity to establish or grow your business in one of the area's fastest growing areas in the North Okanagan. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Listed by Venture Realty Corp.

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