Welcome to an exceptional opportunity in the bustling downtown district of Kelowna! This meticulously maintained building boasts a total of 4,320 square feet of leasable space, situated on a generous 4,040 square foot lot with an impressive 141 feet of prime street frontage. Featuring a diverse mix of five tenancies, this property offers a versatile layout suitable for various business endeavors. The ground floor encompasses 3,490 square feet of leasable space, while an additional 830 square feet are available on the upper level. This property has undergone recent upgrades. Notable improvements include the replacement of all three natural gas furnaces in 2022, installation of a new heat pump in November 2023, and replacement of Four AC units in 2022. Enjoy the convenience of triple net leases, covering all building expenses and ensuring a hassle-free owner experience. Among the esteemed occupants are renowned establishments located at 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, with a recent restaurant renovation in 2024 further enhancing the property's appeal. Strategically positioned on a corner lot and zoned UC1 in the urban core, this property offers excellent visibility and accessibility within Kelowna's downtown high-rise center. Whether you're an investor seeking a lucrative income stream or an entrepreneur looking to establish a thriving business, this commercial gem presents opportunity to capitalize on the vibrant Kelowna market. (id:43014)
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Looking for a convenient place to call home, close to the action, the beach, great restaurants, shopping and more? Downtown Kelowna is the place for you. Kelowna North consists of Kelowna’s downtown. This is a great neighbourhood for those looking to live amongst the hustle and bustle of Kelowna. The area hosts some of Kelowna’s best restaurants and some fantastic shopping. City Centre Park offers some fantastic beaches and green spaces and is a frequent host to Kelowna’s many festivals and events. Kelowna North is a popular neighbourhood and has something for everyone. Much of Kelowna’s nightlife is concentrated in the downtown area, including pubs, movie theatres, live theatres, and much more. Kelowna North is also home to the Cultural District. The Cultural District is home to museums, art galleries, theatres and much more. You’ll find many older homes as well as newer condos, including the Madison, one of Kelowna’s most sought after condos. One of the most desirable features of this neighbourhood is walkability. Great locally owned shops and restaurants are just a short stroll away. Kelowna North is continuing to grow and is a great place for investors.
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