MIXED-USE DEVELOPMENT OPPORTUNITY WITH HOLDING INCOME

2072, 2706, 2800, & 2804 48TH AVENUE | VERNON BC

$9,250,000

For Sale

$9,250,000

For Sale


The Opportunity

Welcome to an exceptional opportunity to acquire 3.88 acres of prime commercially zoned land, situated on the vibrant corner of 48th Avenue and 27th Street in Vernon, BC. This property showcases tremendous potential for redevelopment, boasting multiple structures that generate rental income from the current tenants. Positioned on a major arterial route, this rare combination of four lots makes it an ideal site for reimagination into multi-family or commercial development. Within minutes from downtown Vernon, the property offers convenient access to an array of amenities including Village Green Mall, restaurants, retail, financial, and medical services, all within walking distance.


Property Details

MUNICIPAL ADDRESS’ 2702  48th Avenue

2706  48th Avenue

2800  48th Avenue

2804  48th Avenue

SITE SIZE 3.88 Acres  |  169,021 SF
ZONING C5
FAR 2.0
LISTING PRICE $9,250,000

 

LOT  1 LOT  2 LOT  3 LOT  4
CIVIC ADDRESS 2702  48th Avenue 2706  48th Avenue 2800  48th Avenue 2804  48th Avenue
PID 023 – 465 – 387 004 – 353 – 579 010 – 946 – 322 010 – 946 – 276
LAND AREA 1.33 Acres | 57,935 SF 0.14 Acres | 6,138 SF 1.44 Acres | 62,822 SF 0.96 Acres | 41,974 SF
BUILDING ON SITE Capri Insurance & Scotia Bank Attridge Ski & Board Shop Secure Rite Mobile Storage Vacant Building

 

 

Lot Details

ADDRESS LAND AREA  (ACRES) LAND AREA  (SF) BUILDABLE AT 2.0 FAR
LOT  1 2702  48th Avenue 1.33 57,935 115,870
LOT  2 2706  48th Avenue 0.13 6,138 12,276
LOT  3 2800  48th Avenue 1.44 62,822 125,644
LOT  4 2804  48th Avenue 0.96 41,974 83,948
  TOTAL 3.88 ACRES 169,021  SF 337,738  SF

 

Vernon C5 Zoning Development Regulations

FLOOR AREA RATIO  (FAR) 2.0
MAXIMUM SITE COVERAGE 60%
MAXIMUM HEIGHT 15.0 Meters  |  49.21 Ft

Location Overview

Situated at the corner of 48th Avenue and 27th Street adjacent to Village Green Mall and only a few minutes from the city’s downtown area. This convenient location also offers a diverse array of amenities within walking distance, including restaurants, retail stores, financial institutions, and medical services.

 

STEVE LAURSEN PREC EXCLUSIVE LISTING


Property Details

Property Type:

COMMERCIAL

Address:

2072, 2706, 2800, & 2804 48TH AVENUE | VERNON BC

Land Area:

3.88 ACRES

Zoning:

C5

Parking:

ON-SITE

Possession:

IMMEDIATE


BROCHURE


Presented By

STEVE LAURSEN *PREC

250.808.8101

Email STEVE LAURSEN *PREC

stevelaursen@rlkcommercial.com


Request More Info



Property Details

MUNICIPAL ADDRESS’ 2702  48th Avenue

2706  48th Avenue

2800  48th Avenue

2804  48th Avenue

SITE SIZE 3.88 Acres  |  169,021 SF
ZONING C5
FAR 2.0
LISTING PRICE $9,250,000

 

LOT  1 LOT  2 LOT  3 LOT  4
CIVIC ADDRESS 2702  48th Avenue 2706  48th Avenue 2800  48th Avenue 2804  48th Avenue
PID 023 – 465 – 387 004 – 353 – 579 010 – 946 – 322 010 – 946 – 276
LAND AREA 1.33 Acres | 57,935 SF 0.14 Acres | 6,138 SF 1.44 Acres | 62,822 SF 0.96 Acres | 41,974 SF
BUILDING ON SITE Capri Insurance & Scotia Bank Attridge Ski & Board Shop Secure Rite Mobile Storage Vacant Building

 

 

Lot Details

ADDRESS LAND AREA  (ACRES) LAND AREA  (SF) BUILDABLE AT 2.0 FAR
LOT  1 2702  48th Avenue 1.33 57,935 115,870
LOT  2 2706  48th Avenue 0.13 6,138 12,276
LOT  3 2800  48th Avenue 1.44 62,822 125,644
LOT  4 2804  48th Avenue 0.96 41,974 83,948
  TOTAL 3.88 ACRES 169,021  SF 337,738  SF

 

Vernon C5 Zoning Development Regulations

FLOOR AREA RATIO  (FAR) 2.0
MAXIMUM SITE COVERAGE 60%
MAXIMUM HEIGHT 15.0 Meters  |  49.21 Ft

Location Overview

Situated at the corner of 48th Avenue and 27th Street adjacent to Village Green Mall and only a few minutes from the city’s downtown area. This convenient location also offers a diverse array of amenities within walking distance, including restaurants, retail stores, financial institutions, and medical services.

 

STEVE LAURSEN PREC EXCLUSIVE LISTING