Commercial Plaza for Sale in Kelowna
Price: $3,699,995
Location: Kelowna, British Columbia
Industry: Real Estate - Development
Listing Description
Kelowna YLW Plaza. $3,699,995 – 5.67% 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.
CAP Rate: 5.67%
Land Area: 1.43 Acres
Building Area: 15,00 sq ft
Zoning: CD12
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
Listing Details
Reason For Sale:
Owner is retiring.
Operation
Year Established: 2017
Location
Square Footage: 15,000
Facilities Information:
- 4,800 sq ft building with an upto addition of 15,000sf available to build.
- Situated on 1.43 acres at the Kelowna Airport.
Summary
Potential Growth:
– Zoned CD 12 allowing for car wash, detail shop, automotive, commercial office space, retail and many other opportunities.