$5,790,000

7920/7912 Highland Road, Vernon

Swan Lake West, Vernon, BC V1H1W7

24,919 sq ft · Commercial

Listed by RE/MAX Vernon · Don Kassa

About this property

Exceptional investment opportunity featuring one of the North Okanagan's premier commercial gateway properties. Strategically positioned along the Hwy 97 corridor with over 40,000 vehicles passing daily (Ministry of Transportation), the property enjoys exceptional visibility from southbound Hwy 97, where unobstructed sightlines provide motorists with an elevated view for several hundred meters before the Highland Road access. This landmark location combines outstanding exposure, excellent accessibility and long established regional recognition. The property is improved with approximately 24,919 sq. ft. of retail, office, warehouse, cold storage on a fully developed commercial site provides exceptional flexibility for investors owner operators or future redevelopment , subject to applicable approvals. Currently under a triple net lease generating approximately $331,000 in annual base rent, the property offers dependable income while allowing purchasers to evaluate investment performance using their own underwriting assumptions. Extensive recent capital improvement incudes a metal roof (2022) three rooftop HVAC units (2025) LED lighting, automatic entry doors, commercial kitchen exhaust and fire suppression, data rewiring, parking and security fencing. Regional community sewer is underway along the Hwy 97 corridor. Adjacent property with 2.3 acres may be willing to sell too. (id:67417)

Property details

Price

$5,790,000

MLS® number

10400212

Property type

Commercial · Retail

Living area

24,919 sq ft

Lot size

3.3 acres · 3.3

Year built

1993

Annual taxes

$30,242

Community

Swan Lake West, Vernon

Features

Heating

Forced air, Other

Cooling

Central air conditioning

Parking

Oversize, Additional Parking

Roof

Metal, Unknown

Exterior

Metal

Community

Family Oriented, High Traffic Area

Lot

Level lot

Water

Irrigation District

Sewer

Septic tank

Utilities

Water, Sewer, Natural Gas, Electricity, Cable, Telephone

Accessibility

Accessible Entrance

Fencing

Chain link, Other

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