4216 25 Avenue
Vernon, British Columbia V1T1M1

  • 4216 25 Avenue Vernon
  • 4216 25 Avenue Vernon
  • 4216 25 Avenue Vernon
  • 4216 25 Avenue Vernon
  • 4216 25 Avenue Vernon
  • 4216 25 Avenue Vernon
  • 4216 25 Avenue Vernon
  • 4216 25 Avenue Vernon

$1,950,000

ID# 10304125

Central air conditioning See remarks

Courtesy of RE/MAX Vernon

Listed on: February 12, 2024

On market: 98 days
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:3942)
LEARN MORE ABOUT THIS PROPERTY
  • Additional Details
  • Map
Additional Details
Half Bathrooms Total 0
Year Built 1975
Cooling Type Central air conditioning
Heating Type See remarks
Map

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4216 25 Avenue