Outstanding industrial development opportunity. 3199 Appaloosa Road, Kelowna

Kelowna, BC V1V 2G9

Kelowna
FOR SALE
Property Type:
Agriculture/Farmland
Amount:
$3,800,000
Cap Rate:
0.00%
Last Verified:
Aug 07, 2024

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Outstanding industrial development opportunity. Approximately 1.86 acres in the Sexsmith – Appaloosa industrial development area. Currentlyzoned A2, this property has been identified, in the City of Kelowna’s 2040 OCP, with a future use designation of IND – Industrial, similar toneighbouring properties that have been successfully rezoned to I2. The property has easy access to and from Highway 97 N via Sexsmith Rdand is only minutes from UBCO, Kelowna International Airport and Highway 33. The property currently has a 1.5-storey single-family home, a carriage home, and a detached garage with a shop space.

Map of Kelowna, BC, V1V 2G9, CA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.