Currently running a 9.4% CAP! Prime commercial opportunity in a highly visible location at the north end of Vernon, right on one of the city’s main commercial routes. This property offers exceptional exposure and easy accessibility, making it ideal for a wide range of businesses. The building features a spacious main floor layout with a massive warehouse area, perfectly suited for storage, distribution, or light industrial use. In addition, the property includes retail spaces on the main level, providing the flexibility to operate a storefront, showroom, or customer-facing business alongside warehouse operations. A rare chance to secure a versatile commercial property in a strategic, high-traffic location.
Homes Like This One
Picked for a similar area, home type, price, bedrooms and size.
Highlights
- Per the listing, the property is currently running a 9.4% CAP rate.
- The main floor has a large warehouse area plus retail spaces, with 10,818 sq ft on a 0.29 acre lot.
- The property is on a main commercial route at the north end of Vernon, with street and stall parking.
- Swan Lake is 1.1 km away and the Greater Vernon Multiplex is 1.3 km away, straight-line.
Things to check
- Ask for the building's age and details of any recent upgrades, as these are not in the listing details.
- Confirm with the City of Vernon that your intended warehouse, retail or light industrial use is permitted under current zoning.
- Ask for current leases, the rent roll and operating costs behind the 9.4% CAP rate.
- Ask how many parking stalls there are, since the listing only mentions stall and street parking.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Insider tip: Alberta has no land transfer tax, but B.C. charges property transfer tax when the title registers in your name. Buying a home in B.C. when you’re moving from out of province →
Overall neighbourhood score 8.6 / 10; walk & bike score 6.2 / 10, from how close the nearest school, park or trail, rec centre and town centre are. Scores and distances are Sean Phillips’s own straight-line measures from this home to public B.C. map data. They are not part of the MLS® listing; driving distances are longer, so please check anything that matters to you.
- Price
- $2,195,000
- MLS® number
- 10404796
- Property type
- Commercial
- Living area
- 10,818 sq ft
- Lot size
- 0.29 acres
- Community
- City of Vernon, Vernon
- Parking
- Stall, Street
- Parking details
- Stall, Street
Similar homes nearby
The same type of home in Vernon, priced within 25% of this one, closest to it first.
$1,775,000
6248 Pleasant Valley Road
City of Vernon, Vernon
15,434 sq ft · Commercial
Coldwell Banker Executives Realty
$1,799,900
2003 37 Avenue
East Hill, Vernon
5,909 sq ft · Commercial
Business Finders Canada
$1,980,000
3306 30 Avenue Lot# Lot 1
City of Vernon, Vernon
11,700 sq ft · Commercial
RE/MAX Vernon
$1,699,900
3301 Coldstream Avenue
City of Vernon, Vernon
8,804 sq ft · Commercial
RE/MAX Vernon
Listing information is provided by RE/MAX Vernon through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-29.