3301 Coldstream Avenue
IDX Listing
View Photos
- 10371807
- MLS®
- 818
- Business
- 8804
- 1975
GENERAL INFORMATION
BUSINESS DESCRIPTION
3301 Coldstream Avenue
Positioned on a high-exposure corner in downtown Vernon’s city center, 3301 Coldstream Avenue offers an excellent mix of stable income, tenant diversity, and long-term upside. With total gross rents of $108,688, leases fully net to the landlord, and an implied cap rate at 5.75% this two-story concrete-block building totals approximately 8,804 sq ft and is configured with four main-floor commercial units and three second-floor office areas. The property has seen extensive upgrades in recent years—including interior and exterior paint, flooring, new drywall ceilings, spray foam insulation in the attic, updated electrical and HVAC (3 new units on the roof), roll shutters, improved signage, window film, awnings, and a security/camera system. The building boasts 600-amp 3-phase power and every unit has their own hydro meter. Most tenancies operate on a net basis with annual rent escalations. With CMUC mixed-use zoning allowing a broad range of commercial opportunities this is a compelling downtown Vernon investment for buyers seeking cash flow today and future redevelopment potential. (id:6769)
Listing Origin: RE/MAX Vernon
Featured
For Sale
Details
Updated on 2026-02-01 02:11:40Property Details
Subarea
City of Vernon
Lot Size
0
Year Built
1975
Sewer
Municipal sewage system
Additional details
Property Address
- Sub Area: City Of Vernon
- Province: British Columbia
- City: City Of Vernon
- Country: Canada
