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7920/7912 Highland Road

Swan Lake West, Vernon, BC, V1H1W7

Listed by RE/MAX Vernon

$5,790,000

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  • 24919 sq ft

Listed 42 days ago · MLS® 10400212

About this home

Exceptional investment opportunity featuring one of the North Okanagan's premier commercial gateway properties. Strategically positioned along the Hwy 97 corridor with over 40,000 vehicles passing daily (Ministry of Transportation), the property enjoys exceptional visibility from southbound Hwy 97, where unobstructed sightlines provide motorists with an elevated view for several hundred meters before the Highland Road access. This landmark location combines outstanding exposure, excellent accessibility and long established regional recognition. The property is improved with approximately 24,919 sq. ft. of retail, office, warehouse, cold storage on a fully developed commercial site provides exceptional flexibility for investors owner operators or future redevelopment , subject to applicable approvals. Currently under a triple net lease generating approximately $331,000 in annual base rent, the property offers dependable income while allowing purchasers to evaluate investment performance using their own underwriting assumptions. Extensive recent capital improvement incudes a metal roof (2022) three rooftop HVAC units (2025) LED lighting, automatic entry doors, commercial kitchen exhaust and fire suppression, data rewiring, parking and security fencing. Regional community sewer is underway along the Hwy 97 corridor. Adjacent property with 2.3 acres may be willing to sell too. (id:66966)

Details

Type
Retail
Size
24919 sq ft
Property tax
$30,242
Neighbourhood
Swan Lake West
Municipality
Vernon

Interior

Fireplace
No

Heating, cooling and services

Heating
Forced air
Air conditioning
Central air conditioning
Water and sewer
Septic tank
Utilities
Water, Sewer, Natural Gas, Electricity, Cable, Telephone

Building and exterior

Year built
1993
Roof
Metal
Outdoor
Metal

Parking

Driveway and parking
Oversize, Additional Parking

Location

Location is approximate. See nearby homes on the map

Listed by RE/MAX Vernon.

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