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2437 Main St 3,350 SF 100% Leased Retail Building West Kelowna, BC V4T 2H8 $1,400,000 CAD ($417.91 CAD/SF) 5.70% Cap Rate



Investment Highlights
- Located two blocks from the city’s transit exchange and near major amenities
- Zoned C1, allowing for future redevelopment up to 19 storeys
- Steps away from grocers, shopping, restaurants, and other amenities
- Eight dedicated parking spaces at the rear of the property
- Prime frontage on Main Street/Highway 97 with high daily traffic counts.
Executive Summary
Exceptional opportunity to purchase a fully tenanted income producing two storey commercial building in Downtown West Kelowna. Priced at a 5.70% cap rate. Two ground floor commercial units and 2 residential units. The ground floor units total 1,675 SF. The two residential units are a 2-bed/2-bath unit and a 1-bed/1 bath unit which total 1,675 SF on the second floor. Residential units have recently been painted, and the 1-bedroom unit has had new flooring installed.8 parking spots at the rear of the building. High traffic location in West Kelowna’s busiest retail corridor, seeing approximately 15,000 cars passing each day. High visibility with frontage on Main Street/Highway 97 and positioned just 2 blocks from the city’s transit exchange center. Building square footages are approximate and would require verification if important. C1 – Medium Density Commercial Zone with zoning allowing up to 19 storey.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,350 SF
Building Class
C
Year Built
1946
Price
$1,400,000 CAD
Price Per SF
$417.91 CAD
Cap Rate
5.70%
NOI
$79,800 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.14 AC
Zoning
C1 - Medium Density Commercial Zone
Parking
8 Spaces (2.39 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (76)
Nearby Major Retailers
1 of 20
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2437 Main St
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