903 Raffan Road, Armstrong, British Columbia, V0E 1B7

MLS® # 10357718

Commercial For Sale In Armstrong, British Columbia

$7,000,000

None Beds

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903 Raffan Road, Armstrong, British Columbia, V0E 1B7

$7,000,000

Property Information:

Prime 7.721 acres of C4 zoned property on Highway 97 between Armstrong BC and Vernon BC. Excellent highway visibility and easy access off of Otter Lake Cross Road roundabout. Approximately 830 feet of Highway Frontage/Exposure! Currently tenanted until July 2027 at over 8% CAP rate(over next two years.). C4 zoning offers numerous business opportunities and potential through Spallumcheen to change zoning to I1(buyer to their perform due diligence). Property and building have had many recent upgrades. Yard has been levelled and extra gravel added to its base. Building has been re-sided with metal siding and a new roofing structure has been added. All 2000 + square feet of office space has been updated. Office space includes reception, kitchen, 5 offices and 2 bathrooms. Additionally, 2 more offices off the first warehouse space. 2 large warehouse spaces with 20+ foot ceilings, ideal for storage or maintenance on large vehicles. Building square footage is based off of mapping software and buyer should do their own measurements. (id:27)

Building Features:

Style: Business
Building Type: Other
Exterior Finish: Metal
Floor Space: 9184 sqft
Roof Material: Metal
Roof Style: Unknown
Heating Type: Baseboard heaters, Radiant/Infra-red Heat
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Business
Access Type: Easy access, Highway access
Amenities Nearby: Golf Nearby, Recreation
Built in: 1979
Community Features: High Traffic Area
Features: Level lot, Irregular lot size
Floor Space (approx): 9184 Square Feet
Landscape Features:
Lot Frontage: 836.0 Feet
Sewer: Septic tank

Courtesy of: Coldwell Banker Executives Realty

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Market Price Trends

All Properties

6.04%

Price change (1 year)

48.45%

Price change (5 years)

Location of 903 Raffan Road, Armstrong, British Columbia, V0E 1B7

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

26 hot days expected in 2050

Projected Precipitation Risk: Moderate

14 storms expected in 2050

Projected Heat Risk: Moderate

26 hot days expected in 2050

46/100

Moderate

ClimateCheck®

Current data

This property, 903 Raffan Road , experiences 7 hot days per year at around 32.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 26 hot days at 36.2 degrees Celsius.

Projected Avg. Temperature

Past

32.4℃

2050

36.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

14 storms expected in 2050

40/100

Moderate

ClimateCheck®

Current data

This property, 903 Raffan Road , experiences 12 significant 2-day storms per year, with about 189.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 215.4mm of precipitation per year.

Precipitation Per Storm

Past

189.6mm

2050

215.4mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 903 Raffan Road, Armstrong, British Columbia, V0E 1B7

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$109,437.27

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.8 %

High school certificate or equivalent

38.01 %

Apprenticeship trade certificate/diploma

9.96 %

College/non-university certificate

18.18 %

University Degree

11.05 %

Commuter

Travel To Work

By Car

85.96 %

By Public Transit

0.97 %

By Walking

3.55 %

By Bicycle

0.97 %

By Other Methods

8.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

All Properties

Location of 903 Raffan Road, Armstrong, British Columbia, V0E 1B7

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 903 Raffan Road, Armstrong, British Columbia, V0E 1B7

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

903 Raffan Road, Armstrong, British Columbia, V0E 1B7

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing