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9.94 ACRetail$12,800,000Sale
9.94 AC
Retail
$12,800,000
Sale
Download Brochures
Marcus & Millichap is pleased to present the opportunity to acquire 4912 Athalmer Road, Invermere, B.C. (the “Offering”). Nestled between the Rocky and Purcell Mountain ranges, Invermere is in the heart of the Columbia Valley and East Kootenay Regional District. The Offering is the perfect opportunity for a savvy, lifestylefocused entrepreneur to invest in a desirable recreational paradise, benefitting from highly sought-after seasonal destinations, including Windermere Lake, Panorama Ski Resort, world-class golf courses, and an array of outdoor recreation. Alternatively, the Offering is well-suited for private investors seeking a stable, carefree income stream with development upside or end-users seeking development land with existing rental income in a desirable and growing marketplace. The Offering is a singular 10-acre parcel consisting of two phases with future subdivision potential. The first phase was completed in 2023 and includes three standalone retail pads over approximately three acres, and 100% leased to global and national corporate covenant retailers on long-term, carefree, triple-net (“NNN”) leases. The balance of the Offering (Phase Two) is a seven-acre, fully-serviced commercial development site with attractive permitted land uses, including retail, light industrial, self-storage, and hospitality. Phase Two also features a flexible month-to month tenancy with CS McLean Contracting Ltd., a well-known local excavation company, providing substantial holding income during development planning.
The Space
Asking Price$12,800,000
Available Space9.94 AC
Net Operating Income$660,000
Property UseRetail
ZoningC3 - Regional Commercial Zone
Year Built2023
SourceDirect
The Building
Recreational and Economic Hub of the Columbia Valley. Vibrant Tourist Destination with Soaring* Summer Population of over 40,000 People. Within driving distance to Calgary (~3 hours) and Cranbrook (~1.5 Hours). Projected Population Growth: 6.70% **
Property TypeRetail
Lot Size9.94 AC
ZoningC3 - Regional Commercial Zone
Year Built2023
Up to $500K for British Columbia businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.