Business Overview:
Kelowna YLW Plaza. $3,995,995 - 5.5% CAP RATE, 1.43 acres
This is a development play. Approved further to add a car wash, detail shop and 2-3 storey building to 15,000+ square feet (zoning CD12)
City leased land until 2054 with renewals in 20yr increments.
This building is only two years old, exclusive to the Kelowna Airport with Three National Tenants.
The Kelowna Airport is the 10th busiest airport in Canada with over 2 million passengers. Every car that goes to the airport or exits the airport must drive by this Plaza.
CAP Rate: 5.5%
Land Area: 1.43 Acres
Building Area: 15,00 sq ft
Zoning: CD12
For more information contact Business Finders Canada: (250) 491-1111
**Any images used for this posting may not be a representation of the actual Business or Property for sale**
Keywords: development property for sale, airport plaza kelowna for sale, great cap rate large development potential, cd 12 zoned property rare opportunity, expandable airport property for sale
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Property Features and Assets:
- 4,800 square feet building with an upto addition of 15,000 square feet available to build.
- Situated on 1.43 acres at the Kelowna Airport.
Market Competition and Expansion:
- Zoned CD 12 allowing for car wash, detail shop, automotive, commercial office space, retail and many other opportunities.
Reason for Selling:
Owner is retiring.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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