$4,190,000

5480 Anderson Way, Vernon

City of Vernon, Vernon, BC V1T9V2

Lot / land

Listed by Oakwyn Realty Okanagan-Letnick Estates

About this property

Rare opportunity to acquire a close to 2-acre, flat and fully usable Commercial Mixed Use (CMUB) development site in Vernon’s highly sought-after North Anderson commercial corridor. CMUB zoning supports a wide range of mixed-use, residential, retail, office, hotel and institutional uses with building heights up to 6 storeys (buyer to verify). The level topography minimizes development complexity and construction costs, making this an ideal site for efficient high-density development. Excellent accessibility and exposure with close proximity to national retailers, restaurants, hotels, recreation facilities and growing residential neighbourhoods, driving strong long-term demand. Large parcels of this size and zoning are increasingly scarce in this district. This area is seeing active redevelopment interest, including a recently submitted 176-unit mixed-use residential project nearby. This confirms municipal support for density and long-term growth in the Anderson Way corridor. Outstanding opportunity for developers, investors or land banking in one of Vernon’s strongest growth nodes. (id:67417)

Property details

Price

$4,190,000

MLS® number

10373658

Property type

Lot / land · Other · Vacant Land

Ownership

Freehold

Lot size

1.96 acres · 1.96

Annual taxes

$28,090

Community

City of Vernon, Vernon

Features

Water

Municipal water

Sewer

Municipal sewage system

Utilities

Natural Gas, Electricity, Telephone

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