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Jenna Skoglund

jenna.skoglund@engelvoelkers.com +1(250) 870-3800

$ 1,890,000

Est. payment -/mo

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3301 Coldstream Avenue Vernon, BC V1T1Y1

8,804 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 8,804 sqft

Price per Sqft $214

Subdivision City Of Vernon

MLS® Listing ID 10371807

Year Built 1975

Property Sub-Type Freehold

Property Description

Positioned on a high-exposure corner in downtown Vernon's city center, 3301 Coldstream Avenue offers an excellent mix of stable income, tenant diversity, and long-term upside. With total gross rents of $108,688, leases fully net to the landlord, and an implied cap rate at 5.75% this two-story concrete-block building totals approximately 8,804 sq ft and is configured with four main-floor commercial units and three second-floor office areas. The property has seen extensive upgrades in recent years—including interior and exterior paint, flooring, new drywall ceilings, spray foam insulation in the attic, updated electrical and HVAC (3 new units on the roof), roll shutters, improved signage, window film, awnings, and a security/camera system. The building boasts 600-amp 3-phase power and every unit has their own hydro meter. Most tenancies operate on a net basis with annual rent escalations. With CMUC mixed-use zoning allowing a broad range of commercial opportunities this is a compelling downtown Vernon investment for buyers seeking cash flow today and future redevelopment potential. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Interior

Heating See remarks

Cooling Central air conditioning

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Roof Type Unknown

Private Pool No

Building

Lot Description Level

Sewer Municipal sewage system

Others

Ownership Freehold

Virtual Tour https://www.dropbox.com/scl/fo/4ag6crrnrzhxz6ix9cps3/AMvogi9319LpIHvQ6Vlxo_o?dl=0&e=1&preview=video.mov&rlkey=eqpigh4f06me160oabomwojyn&st=d9etl4wi

Listed by RE/MAX Vernon

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Jenna Skoglund

Advisor | License ID: 191899

+1(250) 870-3800

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