A premium commercial property with significant redevelopment potential. 1873 - 1875 Spall Road
Kelowna, BC V1Y 4R2
FOR SALE
Property Type:
Strip CenterAmount:
$11,760,000
Cap Rate:
0.00%Last Verified:
Jun 05, 2024Daily Email Blast
0 times
A premium commercial property with significant redevelopment potential as new commercial building, hotel, or purpose-built rental, located onSpall Road in Central Kelowna. Approx. 1.96 acres of flat, rectangular-shaped land with +/-177,200 ft of frontage along Spall Rd and+/-177,200 ft to the back of the property along Bredin Road. Single-storey commercial building of approx. +/-24,882 SF provides a source ofholding income while awaiting redevelopment. Current C2 zoning would potentially allow for a new 3-storey commercial building, 6-storey hotel,and all with possible bonus allocations for additional FAR. Strategically located between the Capri-Landmark Urban Centre and the MidtownUrban Centre and only one block south of the Harvey Ave/Highway 97 corridor. This is a well-established commercial area of Kelowna, close torestaurants, coffee shops, gas stations, boutique shops, specialty businesses, banks, and public transportation.