SINGLE STOREY COMMERCIAL BUILDING IN DOWNTOWN VERNON

3308 - 3310 30th Avenue Vernon , BC V1T 2C8

3308 - 3310 30th Avenue , Vernon , BC, V1T 2C8
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FOR SALE
Property Type:
Free Standing Building
Amount:
$999,000
Cap Rate:
0.00%
Last Verified:
Feb 15, 2024

SINGLE STOREY COMMERCIAL BUILDING IN DOWNTOWN VERNON, BC – POTENTIAL OWNER-OCCUPIER OR REDEVELOPMENT SITE (POTENTIAL TO ASSEMBLE WITH NEIGHBOURING PROPERTY) - Prominent commercial building on .202 acres with two units totalling approximately 5,100 SF on the main floor and a 700 SF basement underneath part of the shoe store. Both units have front entrances on 30th Ave and back entrances to the rear of Coldstream Ave. Property is zoned C7 – Heritage Business District which allows a multitude of commercial uses. Outstanding potential for an owner-occupier or as a redevelopment site (with potential to assemble with neighbouring property).

Map of 3308 - 3310 30th Avenue , Vernon , BC, V1T 2C8

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.