Property Details

255 Lawrence Avenue, Kelowna, Kelowna

Description:

This vacant commercial building offers a blank canvas ready for your retail, restaurant, or commercial vision, in a prime downtown location with massive redevelopment upside. 2,500sf ground floor leasable area (based on building plans) situated on a 2,962sf lot. Includes 2 onsite parking stalls. High Foot-Traffic Hub: Located within a premium dining district and directly alley adjacent to the high-density Water Street by the Park development (map on page 4/6 of brochure). Flexible UC1 Zoning: High-density urban center zoning allows for potential redevelopment up to 26 storeys with a 7.1 FAR (Floor Area Ratio). As-Is List Price: $1,069,000 ($430/sf leasable | $361/sf land). Price with Contracted Upgrades: $1,283,000 (Includes est. $214,000 in contracted roof, sidewalk, waterline, facade, and entrance upgrades. See details on page 5 of brochure).