1336 St Paul Street, Kelowna, BC - Two Storey Office Building in Downtown Kelowna

Two Storey Office Building in Downtown Kelowna

1336 St Paul Street, Kelowna, BC, V1Y 2E1

Price:
$2,675,000

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

1336 St Paul St, Kelowna, BC V1Y 2E1, Canada

Additional Information

Municipal Address 1336 St Paul Street, Kelowna, BC, V1Y 2E1
Legal Description Lot 18 Plan KAP645 District Lot 139 Land District 41
PID 006-917-771
Location Details The subject propety is well located in Kelowna’s emerging Downtown North End/Cultural District in close proximity to the new Interior Health Building & the new Innovation Centre. Just a few blocks from Prospera Place, the Kelowna Yacht Club & Cactus Club Cafe, and area beaches.
Land Area 0.17 Acres / 7,405.20 SF
Parking 10 stalls (6 at front and 4 at rear)
Zoning I2, General Industrial
Future Land Use
(OCP)
MXR, Mixed Use Residential/Commercial
Taxes $25,713 (2019)

Listing Agents

Jeff Hudson PREC - Principal / Co-Founder at HM Commercial Group

Jeff Hudson

Marshall McAnerney PREC - Principal / Co-Founder at HM Commercial Group

Marshall McAnerney

Request More Info

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.