555 Lawrence Avenue, Kelowna, BC - Fully Leased Income Producing Building Downtown

Fully Leased Income Producing Building Downtown

555 Lawrence Avenue, Kelowna, BC, V1Y 6L8

Price:
$1,998,000

Property Description

HM Commercial Realty is pleased to present the opportunity to purchase a 2-storey, fully leased, income producing mixed-use commercial building in Kelowna’s downtown core.

HIGHLIGHTS

  • Fully leased with one main floor commercial tenant and two 2nd floor residential units
  • Potential for commercial tenant to relocate to provide vacant main floor retail space for an owner-user
  • 4,783 SF 2-storey building on 0.069 acre lot
  • Recently renovated interior, 2 parking spots and rooftop patio
  • Steps away from Okanagan Lake, City Park, restaurants and shops
  • Downtown Urban Centre (UC1) zoning offers a 7.2 FAR with bonus density and height allowance of up to 26 storeys
  • Data Room and leasing information available with signed NDA
  • View the 3D virtual property tour below

 

555 Lawrence Avenue, Kelowna, BC, Canada

Additional Information

Municipal Address 555 Lawrence Avenue, Kelowna, BC, V1Y 6L8
Legal Description LOT C DISTRICT LOT 138 OSOYOOS DIVISION YALE DISTRICT PLAN 10722
PID 009-535-527
Location Details 555 Lawrence Avenue is exceptionally well located in the Cultural District of downtown Kelowna. Just off of Highway 97, the property is walking distance to multiple trendy restaurants and bars, shops, hotels, Safeway, City Park Beach, and the Yacht Club.
Building Area 4,783 SF
Land Area 0.069 acre lot
Parking 2 Reserved Parking Spaces
Zoning UC1 Downtown Urban Centre
Future Land Use
(OCP)
UC Urban Centre
Taxes $14,907.94 (2023)
Lindsey Termul - VP Sales & Leasing at HM Commercial Realty

Listing Agent

Lindsey Termul

Personal Real Estate Corporation

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.