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RE/MAX Vernon
RE/MAX Vernon Listings
- Status:
- Active
- Prop. Type:
- Industrial
- MLS® Num:
- 10304125
- Build. Type:
- Other
- Photos (8)
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Situated prominently on 25 Avenue in Vernon, this 15,074 square foot concrete block light industrial building commands attention on a .66 acre high exposure level lot. Its strategic location offers prime visibility and accessibility. The building's frontage on 25 Avenue is versatile, with the potential to be divided into four separate units thanks to existing door placements, catering to a range of tenants' needs. Meanwhile, the rear portion, accessible from 24 Avenue, features a paved and fenced yard area, facilitating smooth operations. The property boasts newer roof and mechanical systems, indicative of its well-maintained status and potential for reduced maintenance costs. 3 of the 6 overhead doors are newer, 2 have electric openers. LED lighting. Currently, two of the three existing leases are notably below market rates, presenting an opportunity for increased returns upon renewal in 2025 and 2027. This favorable leasing situation positions the property for a significant uptick in profitability, aligning with market trends and maximizing its investment potential. (id:2493)
- Property Type:
- Industrial
- Size Interior:
- 15,074 sq. ft.1,400.42 m2
- Transaction Type:
- For sale
- Ownership Type:
- Freehold
- Community:
- City of Vernon
- Building Type:
- Other
- Half Bathrooms:
- 0
- Age:
- 49 years
- Cooling:
- Central air conditioning
- Fireplace:
- No
- Heating:
- See remarks
- Road Access:
- Easy access
- Current Use:
- Industrial
- Acreage:
- No
- Lot Size:
- 0.66 acre(s)0.267 hectare(s)
- Lot Size:
- 0.66 ac|under 1 acre
- Lot Details:
- 0.66
- Total Parking Spaces:
- 15
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Listed by RE/MAX Vernon
Data was last updated May 17, 2024 at 11:15 AM (UTC)
- STEVE WIKKERINK
- RE/MAX VERNON
- 1 (250) 503-3487
- steve@heidilussi.com
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