2229 Bartley Road West Kelowna, British Columbia V1Z 2M6
$1,200,000
An exceptional opportunity to acquire a rare industrial offering in the highly sought-after West Kelowna market. Situated on 0.455 acres of freehold land, this 5,000 sq. ft building is zoned I1 (Light Industrial), making it ideal for a variety of industrial or service commercial uses. The building is currently demised into 3 separately metered units, each featuring a mezzanine and serviced by five 14' overhead doors for convenient access. A 1,000 sq. ft unit, currently owner-occupied, will be vacated upon possession, offering flexibility for owner-use or lease-up potential. Key Features: •Hard-to-find yard space for exterior storage or operational needs •Each unit individually metered for electricity and propane gas • Each unit has a bathroom •18 ft ceilings throughout •400 Amp single-phase power supply, with 100 amp per bay •Stable tenant base with current 5.0% cap rate •Potential to achieve 5.4% cap rate at market lease rates upon renewals •Excellent access within West Kelowna’s industrial corridor •Building is on well water and septic tank with potential to connect to city services. Whether you're an investor seeking solid returns with upside, or an owner-user looking for premium industrial space with supplementary rental income, this property checks all the boxes. (id:60329)
Property Details
| MLS® Number | 10351658 |
| Property Type | Industrial |
| Neigbourhood | West Kelowna Estates |
Building
| Constructed Date | 1994 |
| Heating Type | Overhead Heaters, See Remarks |
| Roof Material | Other |
| Roof Style | Unknown |
| Size Interior | 5,000 Ft2 |
| Type | Other |
| Utility Water | Well |
Land
| Acreage | No |
| Current Use | Industrial |
| Sewer | Septic Tank |
| Size Irregular | 0.46 |
| Size Total | 0.46 Ac|under 1 Acre |
| Size Total Text | 0.46 Ac|under 1 Acre |
| Zoning Type | Light Industrial |
https://www.realtor.ca/real-estate/28447971/2229-bartley-road-west-kelowna-west-kelowna-estates
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