$1,950,000
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4216 25 Avenue, Vernon, BC V1T1M1

- Beds
0 Baths
15,074 Sq Ft

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:55598)

  • MLS® 10304125
  • Date Listed02/12/2024
  • Days on Realty 222 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Subdivision City of Vernon
  • Year Built 1975
  • Square Feet 15,074 sq. ft
  • Price Per Sq. Ft $129.36

Interior Features

  • Cooling Central Air Conditioning
  • Heating See Remarks

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Walkability in BC / V1T1M1

Source: Walkscore

55/100

Somewhat Walkable

Walk Score ®

26/100

Some Transit

Transit Score ®

39/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

Transit Summary

4 nearby routes: 4 bus, 0 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 16/100, Bike Score: 25/100.

Points of interest near 4216 25 Avenue, Vernon, BC V1T1M1

Frequently Asked Questions for 4216 25 Avenue

Source: Realty.com

4216 25 Avenue, Vernon, BC V1T1M1 is a Other, Commercial Sale property listed for $1,950,000 The property is 15074 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 8 photos of 4216 25 Avenue.

Our records indicate that 4216 25 Avenue was built in 1975.

The full address for this home is 4216 25 Avenue, Vernon, BC V1T1M1.

4216 25 Avenue has been listed on Realty.com since Mon February 12, 2024

Some errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 16/100, Bike Score: 25/100.

Listing provided courtesy of: RE/MAX Vernon (tel: (250) 549-4161)
Listing agent: Don Kassa (tel: (250) 549-4161)

This content last refreshed on 2024-09-21 05:36:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 4216 25 Avenue, Vernon, BC V1T1M1 : MLS® 10304125