Rare opportunity to own a ground-level strata unit - 1475 St Paul Street, Kelowna

Kelowna, BC V1Y 2E4

Kelowna, BC, V1Y 2E4, CA
Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA Kelowna, BC, V1Y 2E4, CA
FOR SALE
Property Type:
Street Retail
Amount:
$1,245,000
Cap Rate:
0.00%
Last Verified:
Jul 11, 2024

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Rare opportunity to own a ground-level strata unit with excellent exposure in vibrant Downtown Kelowna. This property offers approximately1,582 SF of street-level commercial space, currently configured for personal service or medical use. It features 5 treatment rooms, 2washrooms, a welcoming reception area, a boardroom, and hookups for laundry. This turn-key space is beautifully finished and situated in ahigh-traffic pedestrian zone. It's centrally located across from Brooklyn and the Bernard Block, near the new high-rise developments Bertramand Ella, just north of Bernard Ave and a block south of the under-construction UBCO building. Conveniently close to public transportation andwithin walking distance to the waterfront, it also provides lane access to the rear parking with 3 designated stalls. With a Walk Score of 98, thisunit is perfectly suited for a personal service provider looking to owner-occupy or a commercial investor seeking to purchase a commercial strataunit in downtown Kelowna.

Map of Kelowna, BC, V1Y 2E4, 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.