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Commercial Plaza for Sale in Kelowna

Listing was updated on: 03/05/2020
Commercial Plaza for Sale in Kelowna

Property Overview

Price/Rent PSF $ 3,999,995.00
Asset Type Investment
Trade Type Sale
SQ. FT. Available 15,000
Date Available 11/18/2019
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Description

Kelowna YLW Plaza. $3,999,995 - 5.25% CAP RATE, 1.43 acres This is a development play. Approved further to add a car wash, detail shop and 2-3 storey building to 15,000+ sq ft (zoning CD12) City leased land until 2054 with renewals in 20yr increments. This building is only two years old, exclusive to the Kelowna Airport with Three National Tenants. The Kelowna Airport is the 10th busiest airport in Canada with over 2 million passengers. Every car that goes to the airport or exits the airport must drive by this Plaza. Facilities: - 4,800 sq ft building with an upto addition of 15,000sf available to build. - Situated on 1.43 acres at the Kelowna Airport. Growth / Expansion: - Zoned CD 12 allowing for car wash, detail shop, automotive, commercial office space, retail and many other opportunities. Asking Price: $3,999,995 CAP Rate: 5.25% Land Area: 1.43 Acres Building Area: 15,00 sq ft Zoning: CD12 Reason for selling: Owner is retiring. For more information contact Business Finders Canada: (250) 491-1111 **Any images used for this posting may not be a representation of the actual Business or Property for sale** Keywords: development property for sale, airport plaza kelowna for sale, great cap rate large development potential, cd 12 zoned property rare opportunity, expandable airport property for sale

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