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Exceptionally Built Commercial Building With New Zoning Potentially

Vernon, BC, CAN
Listed 249 days ago

Property Features: 1) Exceptionally built commercial building new zoning potentially Allows for 16 stories 2) Parking Level Tenant: 9,342 SF; Beverage Manufacturer. 3) Main Level has two tenants; 1) Pub & Brewery, and 2) Engineering Firm. 4) Parking Level: 9,342 SF. 5) Main Level: Pub & Brewery 10,076 SF, Engineering Firm 2,400 SF. 6) New Cultural Centre is in development. This new facility is a planned to promote arts, heritage, and community gathering...one block away. 7) Zoning Bylaw 6000: Streamlined development, Adjustments to regulations, increases building height. 8) Parking Level could also be used for monthly parking, there are 28 parking stalls.9) Vernon 9) Population Growth - 11.0% from 2016 - 2021 10) Vernon's projected population growth increase is 47% by 2046. 11) The Cultural Centre is about a $46M project. The Cultural Centre is targeted to Open in May of 2028. MLS AoIR: 10371124 MLS: GVR: 8074547

Location

Downtown, Vernon, BC

Employees

0

Real Estate

Real Property Included

Trading Hours

there are three tenants. Hours vary.

Management Type

This business is owner operated.

Support & Training

Owner will make introductions to city staff.

Expansion Potential

New zoning bylaws allow for up to 16 stories.

Reason for Selling

Portfolio change

Financials

Asking Price
$6.8M
RevenueMost Recent Year
$250K - $500K
Earnings (SDE)Last Reported
$250K - $500K
Assets Value
Undisclosed
Seller Financing
Not available

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