Property Info
Property Description
Investment property for sale! Opportunity to purchase a tenanted 2.70 acre industrial lot in the South Okanagan’s newest & largest industrial Business Park. Consisting of over 114 acres with 20 proposed strata lots, Avery Business Park offers shovel ready lots ranging from 2.5 to 10 acres. Located only 12 minutes from Penticton, less than 1 km off Highway 97, and close to other major highway access points including the US border, Avery Business Park is strategically and conveniently located in the heart of the South Okanagan. Lot 19 offers an investor a 6.6% cap rate on average rental income plus significant upside on the future sale of the lot by way of an option to purchase in the tenant’s lease – contact listing agents for more details.
- Transaction Type: For Sale
- Property Type: Industrial
- Legal Description: LOT B DISTRICT LOT 551 SIMILKAMEEN DIVISION YALE DISTRICT PLAN 22642 EXCEPT PLAN EPP34540 AND EPP86797 (PROPOSED STRATA LOT 19)
- PID: 006-788-432
- Zoning: I1
- Land Area (approx.): 2.70 Acres
- Asking Price: $1,726,000
- Strata Fees: N/A
- MLS ID: 10326215
- Sub Area: South Okanagan/KO – Okanagan Falls
No features currently listed.
