Presented by Robert J. Iio Personal Real Estate Corporation — Team 110 RE/MAX Real Estate (Kamloops).
Exceptional investment opportunity featuring one of the North Okanagan's premier commercial gateway properties. Strategically positioned along the Hwy 97 corridor with over 40,000 vehicles passing daily (Ministry of Transportation), the property enjoys exceptional visibility from southbound Hwy 97, where unobstructed sightlines provide motorists with an elevated view for several hundred meters before the Highland Road access. This landmark location combines outstanding exposure, excellent accessibility and long established regional recognition. The property is improved with approximately 24,919 sq. ft. of retail, office, warehouse, cold storage on a fully developed commercial site provides exceptional flexibility for investors owner operators or future redevelopment , subject to applicable approvals. Currently under a triple net lease generating approximately $331,000 in annual base rent, the property offers dependable income while allowing purchasers to evaluate investment performance using their own underwriting assumptions. Extensive recent capital improvement incudes a metal roof (2022) three rooftop HVAC units (2025) LED lighting, automatic entry doors, commercial kitchen exhaust and fire suppression, data rewiring, parking and security fencing. Regional community sewer is underway along the Hwy 97 corridor. Adjacent property with 2.3 acres may be willing to sell too. (id:61048)
| MLS® Number | 10380845 |
| Property Type | Retail |
| Neigbourhood | Swan Lake West |
| Community Features | Family Oriented, High Traffic Area |
| Features | Level Lot |
| Constructed Date | 1993 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Metal |
| Fire Protection | Security System |
| Heating Type | Forced Air, Other |
| Roof Material | Metal |
| Roof Style | Unknown |
| Size Interior | 24,919 Sqft |
| Type | Retail |
| Utility Water | Irrigation District |
| Additional Parking | |
| Oversize |
| Access Type | Easy Access, Highway Access |
| Acreage | Yes |
| Fence Type | Chain Link, Other |
| Landscape Features | Level |
| Sewer | Septic Tank |
| Size Irregular | 3.3 |
| Size Total | 3.3 Ac|1 - 5 Acres |
| Size Total Text | 3.3 Ac|1 - 5 Acres |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
| Sewer | Not Available |
| Water | Available |
https://www.realtor.ca/real-estate/29610338/79207912-highland-road-vernon-swan-lake-west
Contact us for more information
Don Kassa
(250) 549-4161
(250) 549-7007
www.remaxvernon.com/