7920/7912 Highland Road,Vernon, BC V1H1W7
Vernon, BC V1H1W7
Description
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:13843)
Details
| MLS # | 10400212 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Year | 1993 |
| Days On Site | 61 |
| Listing Provided By | RE/MAX Vernon | Don Kassa |
Features
| SQ Feet | 24,919 |
|---|---|
| Acreage | 3.30 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Other |
| Fireplace Yes / No | No |
Exterior
| Security Features | Security system |
|---|---|
| Accessibility Features | Accessible Entrance |
| Roof | Metal, Unknown |
| Lot Features | Level lot |
| Fencing | Chain link, Other |
Parking
| Parking Features | Oversize, Additional Parking |
|---|
Utilities
| Utilities | Water, Sewer, Natural Gas, Electricity, Cable, Telephone |
|---|---|
| Sewer | Septic tank |
| Water Source | Irrigation District |
Taxes
| Tax Annual Amount | 30242.33 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1H1W7 |
| Listing VS Median (in V1H1W7) | |
Price: $5,790,000 low | high Med: $5,790,000 sqft: 24,919 low | high Med: 24,919 $ / sqft: $232 low | high Med: $232 On site: 61 low | high Med: 61 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Vernon |
| Postal Code | V1H1W7 |
| Listing VS Median (in V1H1W7) | |
Price: $5,790,000 low | high Med: $5,790,000 sqft: 24,919 low | high Med: 24,919 $ / sqft: $232 low | high Med: $232 On site: 61 low | high Med: 61 | |