Property Description
HM Commercial Group is pleased to present this valuable opportunity for a shovel-ready development parcel on First Nations land in West Kelowna.
This flat, corner site on Nancee Way offers prime developable land suited for office building, hotel, or a mixed use building with commercial and residential components. The location offers close and easy highway access, with high visibility and exposure to Highway 97, seeing strong traffic counts.
HIGHLIGHTS
- 0.896 acres (39,030 SF)
- Prime location with fantastic visibility and exposure to Highway 97, as well as close and easy access
- Surrounded with residential and commercial developments, providing views of mountains and trees, with potential for lake views from higher floors
- Split zoned Highway Commercial, Retail Commercial and a sliver of Mobile Home Park
- Retail Commercial zoning presents highest and best use supporting up to 39,030 SF with an FAR of 1.0 (up to 4 storeys)
- Located across from Okanagan Lake Shopping Centre, offering walking distance to local amenities
- 125 year non-cancellable headlease, securing investment until March 14, 2143
