Property Description
HM Commercial Group is pleased to present the opportunity for a two storey professional building in the heart of Downtown Kelowna, located only two blocks from Lake Okanagan, the Kelowna Yacht Club & Marina and Prospera Place Arena.
This is an excellent opportunity for an investor or owner-user group to acquire a functional two storey building for a single or multiple tenants. Alternatively, the property could be rezoned to C7 Commercial and redeveloped in accordance with the multitude of dense mixed-use towers that are rising in the Downtown.
- Building Area: +/- 8,000 SF (4,000 per floor)
- Land Area: 0.17 Acres (7,405 SF)
- Loading: 2 grade-level overhead doors at the rear
- Parking: 10 stalls (6 at front, 4 at rear)
- Location: 2 blocks to Lake Okanagan
- Max. Height if rezoned to C7: 22.0 m (72’)
- Max. FAR if rezoned to C7: 9.0 (66,645 SF)
- Pro-Forma Rent: $128,000 Base Rent ($16.00/SF)
- Cap Rate: 5.0% on stabilized NOI of $121,600
