Fully leased, income-producing investment opportunity in the heart of downtown Vernon. This well-maintained three-storey office building is fully occupied by five established tenants, providing immediate, stable cash flow with an approximate 5.25% cap rate based on the current asking price and existing rental income. Offering approximately 13,778 rentable square feet, elevator service, and exceptional corner exposure, this is a turnkey commercial asset in one of Vernon's most sought-after downtown locations. A rare second parcel with 20 owned parking stalls provides outstanding value, additional income potential, and future redevelopment flexibility. With zoning that supports redevelopment of up to 16 storeys, this property offers both reliable income today and significant long-term upside. Surrounded by professional offices, restaurants, shopping, government services, and everyday amenities, this is an exceptional opportunity to acquire a premium investment property in Vernon's downtown core. (id:13843)
| MLS # | 10393107 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Year | 1995 |
| Days On Site | 122 |
| Listing Provided By | RE/MAX Vernon Salt Fowler | Gordon Fowler |
| SQ Feet | 15,000 |
|---|---|
| Acreage | 0.23 |
| Cooling | Heat Pump |
|---|---|
| Heating | Other |
| Fireplace Yes / No | No |
| Security Features | Sprinkler System-Fire |
|---|---|
| Roof | Other, Unknown |
| Lot Features | Elevator |
| Parking Features | Additional Parking |
|---|---|
| Parking Total | 20 |
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 65570.81 |
|---|
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1T2C2 |
| Listing VS Median (in V1T2C2) | |
Price: $4,179,000 low | high Med: $4,179,000 sqft: 15,000 low | high Med: 15,000 $ / sqft: $279 low | high Med: $279 On site: 122 low | high Med: 122 | |
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1T2C2 |
| Listing VS Median (in V1T2C2) | |
Price: $4,179,000 low | high Med: $4,179,000 sqft: 15,000 low | high Med: 15,000 $ / sqft: $279 low | high Med: $279 On site: 122 low | high Med: 122 | |
![]() | $3,900,0003003 30 StreetVernon, BC V1T9J5 |