24,882 ft²Office / Retail$11,760,000Sale
24,882 ft²
Office / Retail
$11,760,000
Sale
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A premium commercial property with significant redevelopment potential as new commercial building, hotel, or purpose-built rental, located onSpall Road in Central Kelowna. Approx. 1.96 acres of flat, rectangular-shaped land with +/-177,200 ft of frontage along Spall Rd and+/-177,200 ft to the back of the property along Bredin Road. Single-storey commercial building of approx. +/-24,882 SF provides a source ofholding income while awaiting redevelopment. Current C2 zoning would potentially allow for a new 3-storey commercial building, 6-storey hotel,and all with possible bonus allocations for additional FAR. Strategically located between the Capri-Landmark Urban Centre and the MidtownUrban Centre and only one block south of the Harvey Ave/Highway 97 corridor. This is a well-established commercial area of Kelowna, close to restaurants, coffee shops, gas stations, boutique shops, specialty businesses, banks, and public transportation.
The Space
Asking Price$11,760,000
Available Space24,882 ft²
Property UseInvestment property
MLS® ID 10313161
ZoningC2
SourceDirect
The Building
A premium commercial property with significant redevelopment potential as new commercial building, hotel, or purpose-built rental, located onSpall Road in Central Kelowna. Approx. 1.96 acres of flat, rectangular-shaped land with +/-177,200 ft of frontage along Spall Rd and+/-177,200 ft to the back of the property along Bredin Road. Single-storey commercial building of approx. +/-24,882 SF provides a source ofholding income while awaiting redevelopment. Current C2 zoning would potentially allow for a new 3-storey commercial building, 6-storey hotel,and all with possible bonus allocations for additional FAR. Strategically located between the Capri-Landmark Urban Centre and the MidtownUrban Centre and only one block south of the Harvey Ave/Highway 97 corridor. This is a well-established commercial area of Kelowna, close torestaurants, coffee shops, gas stations, boutique shops, specialty businesses, banks, and public transportation.
Property TypeRetail
Up to $500K for British Columbia businesses
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