Commercial $ 1,598,000

2418 Drought Road

West Kelowna, BC V4T1P6

  • 3,000 SqFt
  • 6,098 Lot Size
  • 1995 Year Built
Take advantage of this opportunity to acquire a well maintained and leased mixed use COMMERCIAL/RESIDENTIAL property with holding value and development upside. Located in central downtown West Kelowna on a high-exposure street and close to all amenities, transit and with plenty of on site parking. This building is ideal for an owner operator to utilize the C1 zoning which is suitable for a wide variety of uses including legal, medical, dental, physio, chiropractic, haircare, tattoo, child care, education, entertainment, pub, restaurant and more. The zoning also allows for apartments and care facility, major which adds to the longer term development potential as seen in the area already. Renovated in 2019 and consisting of a +/- 1200 sqft commercial space on the main and 2 apartments above spanning +/-1480 sqft, this building's diverse revenue streams make it ideal for an owner operator to utilize the commercial space, apartments or both while benefiting from additional revenue from the remainder of the building. The current owner wishes to remain in the commercial space and will enter into a fair market lease if possible. SUITE ONE: 2 Bedrooms 1 bathroom, in-suite laundry. SUITE TWO: 1 bedroom 1 bathroom, in-suite laundry. Both tenants on month to month. Updates include, two new furnaces in 2019 and two newer AC units, plumbing updated to PEX, updated electrical service for the entire building. (id:24570)
Listed by Engel & Volkers South Okanagan

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Freehold

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 000 sqft

    Price per Sqft $532

    Subdivision Westbank Centre

    MLS Listing ID 10364441

    Year Built 1995

    Lot Size 6,098 Sqft

    Acres 0.14

    Property Sub-Type Freehold

    Source Association of Interior REALTORS®

  • Location

    Province BC

    Zoning Unknown

  • Rooms

    Kitchen 0.0

  • Building

    Lot Description Level

    Sewer Municipal sewage system

  • Interior

    Heating Forced air, See remarks

    Cooling Central air conditioning

  • Exterior

    Parking Features No

    View Y/N No

    Roof Type Unknown

    Total Parking Spaces 9

    Private Pool No

  • Others

    Ownership Freehold

    Virtual Tour https://unbranded.youriguide.com/qdxm8_2418_drought_rd_west_kelowna_bc/

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