4216 25 Avenue Vernon, British Columbia V1T 1M1

  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 1 - 10304125
  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 2 - 10304125
  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 3 - 10304125
  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 4 - 10304125
  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 5 - 10304125
  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 6 - 10304125
  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 7 - 10304125
  • 4216 25 Avenue, Vernon, British Columbia  V1T 1M1 - Photo 8 - 10304125

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15074 sqft

Central Air Conditioning See Remarks

$1,950,000

Situated prominently on 25 Avenue in Vernon, this 15,074 square foot concrete block light industrial building commands attention on a .66 acre high exposure level lot. Its strategic location offers prime visibility and accessibility. The building's frontage on 25 Avenue is versatile, with the potential to be divided into four separate units thanks to existing door placements, catering to a range of tenants' needs. Meanwhile, the rear portion, accessible from 24 Avenue, features a paved and fenced yard area, facilitating smooth operations. The property boasts newer roof and mechanical systems, indicative of its well-maintained status and potential for reduced maintenance costs. 3 of the 6 overhead doors are newer, 2 have electric openers. LED lighting. Currently, two of the three existing leases are notably below market rates, presenting an opportunity for increased returns upon renewal in 2025 and 2027. This favorable leasing situation positions the property for a significant uptick in profitability, aligning with market trends and maximizing its investment potential. (id:42341)


  • Property Details

    MLS® Number 10304125
    Property Type Industrial
    Neigbourhood City of Vernon
    Parking Space Total 15
  • Building

    Constructed Date 1975
    Cooling Type Central Air Conditioning
    Heating Type See Remarks
    Size Interior 15074 Sqft
    Type Other
  • Land

    Access Type Easy Access
    Acreage No
    Current Use Industrial
    Size Irregular 0.66
    Size Total 0.66 Ac|under 1 Acre
    Size Total Text 0.66 Ac|under 1 Acre
    Zoning Type Unknown

Mark Gidden
Realtor/Founder

Lloyd Taverner
Realtor/Senior Partner

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TESTIMONIALS

Our Valued Clients

  • Ashley Harvey

    Mark and his team helped us find our forever home, and we are so grateful for his experience and expertise. Mark was so patient while our infant cried while we hunted for the perfect house. We will use Mark and his team for years to come.


  • Jen Platman

    Lloyd was the best realtor we’ve ever worked with. He understands people and takes the time to listen. He was extremely helpful and made the process stress-free and seamless. Lloyd goes above and beyond for his clients and it shows. He truly enjoys what he does, he’s honest and makes you feel at ease. Our new home is our castle and Lloyd did everything to help us get there. This guy is real gem!


  • Tom S

    Mark helped us look for, negotiate, and purchase our family home. He was diligent, extremely professional and has an unsurpassed knowledge of the Kelowna and wider Okanagan areas. His name is mentioned anytime we have a friend looking to buy or sell their home. Many thanks Mark.