$ 3,750,000
1561 Sutherland Avenue Kelowna, BC V1Y5Y7
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$ 3,750,000
Est. payment | /mo
7,132 SqFt
$ 3,750,000
Est. payment | /mo
7,132 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,132 sqft
Price per Sqft $525
Subdivision Springfield/Spall
MLS® Listing ID 10313634
Originating Board Association of Interior REALTORS®
Year Built 2006
Lot Size 8,712 Sqft
Acres 8712.0
Property Description
Unique owner-occupier opportunity to purchase land and a 7,132 square foot building in central Kelowna, with ancillary cash flow. Situated on a 0.203-acre lot, this two-story building was built by Rykon Construction in 2006 and features high-quality construction with a history of efficient operations. The building boasts finishes reminiscent of upscale residential properties resulting in great curb appeal. Positioned in an area earmarked for future high-density development, as per the City of Kelowna 2040 Official Community Plan (OCP), the property offers the opportunity for equity generation, while benefiting from direct proximity to the Landmark District and Highway 97. With three leases in place there is a steady stream of income, plus a 2,228 useable square foot unit coming available on the second floor – ideal for an owner occupier. There are 17 on-site parking stalls and monument signage is visible to traffic travelling both directions on Sutherland Avenue. (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 17
Private Pool No
Listed by Royal LePage Kelowna
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Andy Katoch
Agent | License ID: LDKATOCAN