Property
Type, style and structure
- Type
- other
- Style
- other / Mixed Use
0.5 ac
Lot
Property Snapshot
Key details for this listing
MLS #10372900
Lot
Land, frontage and setting
- Lot
- 0.5 ac - 0.5
- Neighbourhood
- City of Vernon
Costs
Price, taxes and monthly charges
- List Price
- $2,950,000
About This Property
This other in Vernon offers a 0.5 ac lot. The property has lot dimensions of 0.5. The home features see remarks heating.
MLS Remarks
Premier Landmark commercial property, the Towne Theatre building, on 30th Avenue, Vernons main retail downtown street. Strong diversified tenant mix with excellent income. 95% leased with med to long term leases, many recently renewed, current gross income $285,900. Increasing to $299,000 in 2027. Also rezoned for high density mixed use commercial/ residential development up, to 16 floors. The building sits on .50 acre site large enough for a future high density project without the need for a land assembly. The site has frontage on 2 streets, 30th and 29th avenue, and has 2 side lanes for amazing access for future re-development. Major updates incl New HVAC heaters 2013,Roof 2017, new hi-eff Boilers with electronic controls for theater space 2021. Current tenants include Towne Theatre Society, Castanet Media, Ustaad G76 restaurant, Metis Cultural Society, Centre for Positive Living, Vibe Art Gallery, Dan Poulin Law, and various small businesses in the 2nd floor offices. (id:60351)
Full Listing Details
Address2906-2916 30th Avenue Lot# 1
MLS#10372900
Listing StatusActive
Property TypeOther
TransactionSale
Days on Market282
Annual Tax$52,128
Structure TypeResidential Commercial Mix
StyleMixed Use
Current UseMixed use
Living Area28,107 sqft
CityVernon
NeighbourhoodCity of Vernon
ProvinceBritish Columbia
Postal CodeV1T2B7
Lot Size0.5 ac
Lot Dimensions0.5
HeatingSee remarks
UtilitiesWater, Sewer, Natural Gas, Electricity, Cable, Telephone
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$52,128
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