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4216 25 Avenue Vernon, British Columbia V1T 1M1

15074 sqft
Central Air Conditioning See Remarks

$1,950,000

Situated prominently on 25 Avenue in Vernon, this 15,074 square foot concrete block light industrial building commands attention on a .66 acre high exposure level lot. Its strategic location offers prime visibility and accessibility. The building's frontage on 25 Avenue is versatile, with the potential to be divided into four separate units thanks to existing door placements, catering to a range of tenants' needs. Meanwhile, the rear portion, accessible from 24 Avenue, features a paved and fenced yard area, facilitating smooth operations. The property boasts newer roof and mechanical systems, indicative of its well-maintained status and potential for reduced maintenance costs. 3 of the 6 overhead doors are newer, 2 have electric openers. LED lighting. Currently, two of the three existing leases are notably below market rates, presenting an opportunity for increased returns upon renewal in 2025 and 2027. This favorable leasing situation positions the property for a significant uptick in profitability, aligning with market trends and maximizing its investment potential. (id:27818)

Property Details

MLS® Number 10304125
Property Type Industrial
Neigbourhood City of Vernon
Parking Space Total 15

Building

Constructed Date 1975
Cooling Type Central Air Conditioning
Heating Type See Remarks
Size Interior 15074 Sqft
Type Other

Land

Access Type Easy Access
Acreage No
Current Use Industrial
Size Irregular 0.66
Size Total 0.66 Ac|under 1 Acre
Size Total Text 0.66 Ac|under 1 Acre
Zoning Type Unknown

https://www.realtor.ca/real-estate/26510462/4216-25-avenue-vernon-city-of-vernon

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Don Kassa

(250) 549-4161
www.donkassa.com/

RE/MAX Vernon
5603 27th Street
Vernon, British Columbia V1T 8Z5

(250) 549-4161
(250) 549-7007
https://www.remaxvernon.com/

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