1111 Gordon Drive
MLS® Number: 10356370
$ 3,935,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1971
YEAR BUILT
A fantastic income producing, 9,096 SF industrial building in Downtown Kelowna’s North End with a diversified tenant base. 7 tenant spaces with annual lease escalations provide a stable income stream and increasing returns year-over-year. Building is approx. 9,096 SF on a 0.395 acre lot, with I2 zoning and frontage along Gordon Drive. Fantastic central location in Downtown Kelowna, just north of Clement Avenue, in a trendy neighborhood known as the Brewery District, with walkable access to numerous amenities. Located within the city’s North End Neighbourhood Plan, making this an attractive long term hold with future redevelopment potential. The site is zoned I2 with a special allowance for up to 3.0 FAR. Extensive upgrades and renovations have been completed to both the interior and exterior of the building from 2022-2024, including updates to the electrical, HVAC, water service, roof, fence, parking lot, and more. Excellent tenant mix including several long established businesses: Kelowna Rocks & Gems, Buffalo Rouge Brewing Company, 1120 Rock Club, Old Car Jack, BTG Brands Inc, and Kelowna Car Care Centre. Each unit has separately metered utilities, which are paid for by the tenants. Access and parking easements and/or agreements will be required for the property, to accommodate use and access on adjacent lots. Rear fence line includes a portion of the easement area of the neighbouring property at 1140 Brant Avenue, which is also available for sale - see MLS #10353807.
COMMUNITY | |
PROPERTY TYPE | |
BUILDING TYPE | |
STYLE | |
YEAR BUILT | 1971 |
SQUARE FOOTAGE | 0 |
BEDROOMS | 0 |
BATHROOMS | 0 |
BASEMENT | |
AMENITIES | |
APPLIANCES | |
COOLING | |
FIREPLACE | N/A |
FLOORING | |
HEATING | |
LAUNDRY | |
LOT FEATURES | |
PARKING | |
RESTRICTIONS | |
ROOF | |
TITLE | |
BROKER | Unison HM Commercial Realty |
ROOMS | DIMENSIONS (m) | LEVEL |
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