4216 25 Avenue, Vernon, BC, V1T 1M1 - commercial for sale | Listing ID 10304125

Commercial For Sale In Vernon, British Columbia

$1,950,000

Details
Map
Demographics
Street View
Get Directions

Advertising

ACTIVE

4216 25 Avenue, Vernon, British Columbia, V1T 1M1

$1,950,000

Property Information:

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:27)

Building Features:

Style: Industrial
Building Type: Other
Floor Space: 15074 Square Feet
Heating Type:
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Industrial
Access Type: Easy access
Built in: 1975
Current Use: Industrial
Floor Space (approx): 15074.00 Square Feet
Zoning Type: Unknown
No. of Parking Spaces: 15

Courtesy of: RE/MAX Vernon

More Detail

Less Detail

Market Price Trends

Location of 4216 25 Avenue, Vernon, British Columbia, V1T 1M1

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: High

26 hot days expected in 2050

Projected Storm Risk: Significant

13 storms expected in 2050

Projected Heat Risk: High

26 hot days expected in 2050

48/100

High

ClimateCheck®

Current data

This property, 4216 25 Avenue , experiences 7 hot days per year at around 33.1 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 36.9 degrees Celsius.

Projected Avg. Temperature

Past

33.1℃

2050

36.9℃

# 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 Storm Risk: Significant

13 storms expected in 2050

30/100

Significant

ClimateCheck®

Current data

This property, 4216 25 Avenue , experiences 11 significant 2-day storms per year, with about 166.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 185.7mm of precipitation per year.

Precipitation Per Storm

Past

166.2mm

2050

185.7mm

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.

More Detail

Less Detail

Demographic Information of 4216 25 Avenue, Vernon, British Columbia, V1T 1M1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$83,585.14

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.28 %

High school certificate or equivalent

35.44 %

Apprenticeship trade certificate/diploma

11.74 %

College/non-university certificate

25.1 %

University certificate (below bachelor)

0.07 %

University Degree

10.37 %

Commuter

Travel To Work

By Car

88.51 %

By Public Transit

0.11 %

By Walking

7.11 %

By Bicycle

0.98 %

By Other Methods

3.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.91 %

Houses

71.09 %

Own Vs. Rent

More Detail

Less Detail

Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 4216 25 Avenue, Vernon, British Columbia, V1T 1M1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 4216 25 Avenue, Vernon, British Columbia, V1T 1M1

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

4216 25 Avenue, Vernon, British Columbia, V1T 1M1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Log In

Create an account to:

Create Account

Complete Account Verification