$5,790,000
Exceptional investment opportunity featuring one of the North Okanagan's premier commercial gateway properties. Strategically positioned along the Hwy 97 corridor with over 40,000 vehicles passing daily (Ministry of Transportation), the property enjoys exceptional visibility from southbound Hwy 97, where unobstructed sightlines provide motorists with an elevated view for several hundred meters before the Highland Road access. This landmark location combines outstanding exposure, excellent accessibility and long established regional recognition. The property is improved with approximately 24,919 sq. ft. of retail, office, warehouse, cold storage on a fully developed commercial site provides exceptional flexibility for investors owner operators or future redevelopment , subject to applicable approvals. Currently under a triple net lease generating approximately $331,000 in annual base rent, the property offers dependable income while allowing purchasers to evaluate investment performance using their own underwriting assumptions. Extensive recent capital improvement incudes a metal roof (2022) three rooftop HVAC units (2025) LED lighting, automatic entry doors, commercial kitchen exhaust and fire suppression, data rewiring, parking and security fencing. Regional community sewer is underway along the Hwy 97 corridor. Adjacent property with 2.3 acres may be willing to sell too. (id:64133)
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Property Details
MLS® Number 10400212 Property Type Retail Neigbourhood Swan Lake West CommunityFeatures Family Oriented, High Traffic Area Features Level Lot -
Building
Constructed Date 1993 Cooling Type Central Air Conditioning Exterior Finish Metal Fire Protection Security System Heating Type Forced Air, Other Roof Material Metal Roof Style Unknown Size Interior 24,919 Sqft Type Retail Utility Water Irrigation District Parking
Additional Parking Oversize -
Land
Access Type Easy Access, Highway Access Acreage Yes Fence Type Chain Link, Other Landscape Features Level Sewer Septic Tank Size Irregular 3.3 Size Total 3.3 Ac|1 - 5 Acres Size Total Text 3.3 Ac|1 - 5 Acres -
Utilities
Cable Available Electricity Available Natural Gas Available Telephone Available Sewer Not Available Water Available
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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September 15 2026 06:25:36
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