Log In/Sign Up
Your email has been sent.
Summerland Trophy Mixed-Use Asset 2325 Varley St 5,932 SF 100% Leased Retail Building Summerland, CA 93067 $7,197,400 CAD ($1,213.32 CAD/SF)
Investment Highlights
- Building consists of 2 Residential (most recently used as vacation rentals) + 2 Commercial units
- Residential Unit Mix: 2 x 2BD/2BA
- Flexibility for an Owner-User or Investor
- ±5,932 SF building size includes building interior, patios and storage (buyer to verify)
- One of Summerland’s best-built properties, right at the center of it all
- Currently vacant, the property offers a true "blank slate"
Executive Summary
Summerland’s Sweet Spot: Trophy Mixed-Use Asset at the Center of It All
Positioned in the heart of Summerland, 2330 Lillie Ave presents a rare opportunity to acquire one of the area’s highest-quality mixed-use assets. Widely regarded as one of the best-built buildings in Summerland, the property is in exceptional condition and offers flexibility for an owner-user or investor.
A standout feature is the expansive outdoor patio areas, which enhance both the residential and commercial components—creating an elevated lifestyle experience and highly attractive retail setting in this sought-after coastal market.
The building includes two well-designed 2-bedroom, 2-bath residential units—ideal for long-term tenants or premium short-term rentals—alongside two ground-floor commercial suites that can be leased separately or combined. This versatile layout supports multiple income strategies.
Currently vacant, the property offers a true “blank slate” for an investor to establish market rents or for an owner-user to occupy all or part of the building. Ample on-site parking, including two private two-car garages, further enhances tenant appeal.
Positioned in the heart of Summerland, 2330 Lillie Ave presents a rare opportunity to acquire one of the area’s highest-quality mixed-use assets. Widely regarded as one of the best-built buildings in Summerland, the property is in exceptional condition and offers flexibility for an owner-user or investor.
A standout feature is the expansive outdoor patio areas, which enhance both the residential and commercial components—creating an elevated lifestyle experience and highly attractive retail setting in this sought-after coastal market.
The building includes two well-designed 2-bedroom, 2-bath residential units—ideal for long-term tenants or premium short-term rentals—alongside two ground-floor commercial suites that can be leased separately or combined. This versatile layout supports multiple income strategies.
Currently vacant, the property offers a true “blank slate” for an investor to establish market rents or for an owner-user to occupy all or part of the building. Ample on-site parking, including two private two-car garages, further enhances tenant appeal.
Property Facts
Sale Type
Investment
Property Type
Building Size
5,932 SF
Year Built
1960
Price
$7,197,400 CAD
Price Per SF
$1,213.32 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.27 AC
Zoning
C-1 - Limited Commercial Zone
Parking
9 Spaces (1.52 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Contacts
-
Paul Gamberdella -
Gene Deering -
Frank Gamberdella -
Radius Commercial Real Estate
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Summerland Trophy Mixed-Use Asset | 2325 Varley St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.