1344 sqft Other Residential Commercial Mix
3503 32 Street, Vernon

$1,200,000

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Prime development site in Vernon’s rapidly growing core. Zoned CMUB, this property supports an 8-storey mixed-use development with flexibility for commercial and multifamily uses. Its central location delivers outstanding visibility and access, making it ideal for retail, office or residential projects. A secure tenant is in place, generating $42,351.00 in annual Net Operating Income (NOI), allowing the property to function as a strategic holding asset while plans are developed. This is a rare opportunity to secure a site offering both immediate revenue and long-term development potential in one of the Okanagan’s most active growth corridors. Please do not approach the tenant or staff regarding the sale. (id:6770)

  • Price: $1,200,000
  • Age: 1969
  • Size: 1344 sqft
  • Exterior: Concrete
  • Cooling: Central Air Conditioning
  • Water: Municipal water
  • Sewer: Municipal sewage system
  • Listing Office: Rennie & Associates Realty
  • MLS#: 10365281
  • Fencing: Not fenced
  • Landscape Features: Level