Well known downtown property - Vernon Towne Theater Building. Located in a prime location on Vernons main retail street, 30th Avenue. A rare combination of strong income and development zoning. Recent CMUC zoning allows for density up to 16 stories, ideal for a mixed use commercial/residential development. The site is large enough to develop under the new zoning Current tenants include Towne Theatre Society, Castanet Media, Metis Cultural Society, Vibe Art Gallery, the Italian Kitchen Restaurant and Centre for Positive Living on the main level , with various office tenants on the upper level. Current annual gross income is $294,000.0 The site is .502 acres in total, fronting on 30th Ave on the north side, 29th street on the south side, full lane access on the east side, and approx 50% lane access on the west side. The building is 2 stories, approx 28,000 sq ft with 21, 744 leasable , and a large unfinished bsmt area. An incredible development & income property, with diversified tenant mix. (id:2493)More details
4 unit commercial building on Hwy 97 in Westbank Town Centre. Fully leased with long term, diversified mix of tenants! 3 Ground floor units and large office/studio space on the 2nd floor. Currently grossing $78,000 annually. Ground Level tenants : Unit 1 - Eddys Barber Shop Unit 2- Christianes Pet Grooming Unit 3- 2 Brothers Mexican Restaurant Upper unit- Westbank Sound studio In the Path of Progress ! New zoning ,""Westbank Urban Centre Commercial Core"" zone currently allows for mixed use development up to 15 Stories. New roof recently installed April 2025 Asset sale , GST applicable. (id:2493)More details
Data was last updated October 15, 2025 at 01:15 AM (UTC)
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