$2,950,000
( $104.96Per Sq Foot )
 $15,836 est/mo Sourced by Back At You

2906-2916 30th Avenue Lot# 1,Vernon, BC V1T2B7

Vernon, BC V1T2B7

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Description

Premier Landmark commercial property, the Towne Theatre building, on 30th Avenue, Vernons main retail downtown street. Strong diversified tenant mix with excellent income. 95% leased with med to long term leases, many recently renewed, current gross income $285,900. Increasing to $299,000 in 2027. Also rezoned for high density mixed use commercial/ residential development up, to 16 floors. The building sits on .50 acre site large enough for a future high density project without the need for a land assembly. The site has frontage on 2 streets, 30th and 29th avenue, and has 2 side lanes for amazing access for future re-development. Major updates incl New HVAC heaters 2013,Roof 2017, new hi-eff Boilers with electronic controls for theater space 2021. Current tenants include Towne Theatre Society, Castanet Media, Ustaad G76 restaurant, Metis Cultural Society, Centre for Positive Living, Vibe Art Gallery, Dan Poulin Law, and various small businesses in the 2nd floor offices. (id:13843)

Details

MLS #10372900
Listing TypeFor Sale
StyleResidential Commercial Mix
StatusActive
Days On Site285
Listing Provided ByRealty One Real Estate Ltd | Steven Hyndman

Features

SQ Feet28,107
Acreage0.50

Interior

HeatingSee remarks
Fireplace Yes / NoNo

Utilities

UtilitiesWater, Sewer, Natural Gas, Electricity, Cable, Telephone
SewerMunicipal sewage system
Water SourceMunicipal water

Taxes

Tax Annual Amount52128

Area Information

ProvinceBC
CityVernon
Postal CodeV1T2B7
Listing VS Median (in V1T2B7)
Price:
$2,950,000
low | high
Med:
$2,950,000
50% of Average
sqft:
28,107
low | high
Med:
28,107
50% of Average
$ / sqft:
$105
low | high
Med:
$105
50% of Average
On site:
285
low | high
Med:
285
100% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceBC
CityVernon
Postal CodeV1T2B7
Listing VS Median (in V1T2B7)
Price:
$2,950,000
low | high
Med:
$2,950,000
50% of Average
sqft:
28,107
low | high
Med:
28,107
50% of Average
$ / sqft:
$105
low | high
Med:
$105
50% of Average
On site:
285
low | high
Med:
285
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.212M - $3.687M
sqft: 21,000 - 35,000
Nearby Listings Property ImageNearby Listings Details
3131 30th Avenue Property Photo 1
$3,500,000
3131 30th Avenue
Vernon, BC V1T5M4
Listing Updated: September 29, 2026 at 3:55:00 AM PDT