Property Details

Asking Price: $850,000

Lot A at 975 Academy Way, Kelowna


0.84±ac vacant land at Academy Hill with plans (est 0.36±ac developable). Flexible zoning: C3LR, Community Commercial (Liquor Primary) [see attached]. Exceptional on-site parking including LCP parking. Va See brochure for more details.

Although this lot was originally proposed as a 7,500± to 9,500± square foot grocery store, considering the permitted uses under the C3 zoning, the site host a potential for several alternative commercial uses. The 0.36± acre net developable site area is currently developed with 9 surface parking stalls, however any future development on the site would have specific parking requirements under the City of Kelowna zoning bylaw (any parking requirement beyond 9 stalls would have to be developed within a parkade structure or over Fortis SRW area).  Lot A is located in the northwest corner of the site and occupies approximately 0.84± acres, of which only an estimated 0.36± acres (15,700± square feet) are considered developable.  The remaining ±0.48 acres are encumbered statutory right of way, easements and related covenants limiting the developable area, additionally a steep slope along the northern portion of the site limits the develop potential of the site.

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