Prime 7.721 acres of C4 zoned property on Highway 97 between Armstrong BC and Vernon BC. Excellent highway visibility and easy access off of Otter Lake Cross Road roundabout. Approximately 830 feet of Highway Frontage/Exposure! Currently tenanted until July 2030 at over 10% CAP rate(over next four years.). C4 zoning offers numerous business opportunities and potential through Spallumcheen to change zoning to I1(buyer to their perform due diligence). Property and building have had many recent upgrades. Yard has been levelled and extra gravel added to its base. Building has been re-sided with metal siding and a new roofing structure has been added. All 2000 + square feet of office space has been updated. Office space includes reception, kitchen, 5 offices and 2 bathrooms. Additionally, 2 more offices off the first warehouse space. 2 large warehouse spaces with 20+ foot ceilings, ideal for storage or maintenance on large vehicles. Building square footage is based off of mapping software and buyer should do their own measurements. (id:4069)
Address
903 Raffan Road
List Price
$5,900,000
Property Type
Business
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Armstrong
Floor Area
9,184 Sq. Ft.
Lot Size
7.72 Sq. Ft.
Frontage Length
836 ft
MLS® Number
10399311
Listing Brokerage
Oakwyn Realty Okanagan
Postal Code
V0E1B7
Site Influences
Golf Nearby, Recreation
Features
Level lot, Irregular lot size
Community Features
High Traffic Area
Heat Source
Electric
Heat Type
Baseboard heaters, Radiant/Infra-red Heat
Water Source
Private Utility
Access To Property
Easy access, Highway access
Sewer
Septic tank
