Property Details

4929 9th Avenue, Okanagan Falls

Description:

High traffic and visible location! Highway 97 traffic slows here to turn South/East, 3338 ft.²± on the main floor plus full unfinished basement, 0.29ac± | 12,701 ft.²± generally flat site with exceptional parking, Vendor will lease back ATM area for one year – otherwise assume vacant possession, The building was constructed in 1991 and most of the main floor customer areas have 14± foot ceilings with ample windows, Commercial fibre is installed in the building, Zoned C1 general commercial for a multitude of uses, Offered at $1,075,000 | $85/sf± (land area) | Under $325/sf± main floor building, Asking price INCLUDES SOME FURNITURE and results in 5%+ CAP assuming an $18/sf net average lease rate for main floor and with basement income as a bonus!