Fully leased, income-producing investment opportunity in the heart of downtown Vernon. This well-maintained three-storey office building is fully occupied by five established tenants, providing immediate, stable cash flow with an approximate 5.25% cap rate based on the current asking price and existing rental income. Offering approximately 13,778 rentable square feet, elevator service, and exceptional corner exposure, this is a turnkey commercial asset in one of Vernon's most sought-after downtown locations. A rare second parcel with 20 owned parking stalls provides outstanding value, additional income potential, and future redevelopment flexibility. With zoning that supports redevelopment of up to 16 storeys, this property offers both reliable income today and significant long-term upside. Surrounded by professional offices, restaurants, shopping, government services, and everyday amenities, this is an exceptional opportunity to acquire a premium investment property in Vernon's downtown core. (id:2493)
Data was last updated June 30, 2026 at 01:15 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$1,350,000
Min list price:
$425,000
Max list price:
$7,999,000
Avg days on market:
64
Min days on market:
1
Max days on market:
301
Avg price per sq.ft.:
$113.79
These statistics are generated based on the current listing's property type
and located in
City of Vernon. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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