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:
Jun 13, 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

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.