William Wright Commercial is pleased to announce the combined sale of 1664 Richter Street and 565 Leon Avenue located in downtown Kelowna. 1664 Richter Street is a 0.4 acre corner lot boasting a 3-storey, 28,978 SQFT, fully leased income producing office building. 565 Leon Avenue is a 0.14 acre lot, which serves as parking supply for 1664 Richter Street, offering 26 additional stalls. The properties offer long term redevelopment potential with the 2040 OCP future land use (UC), and presents a prime investment opportunity with possible revenues from parking and signage, market rent increases, and heightened demand from increasing residential density.

For information on this transaction or any other upcoming opportunities, please contact the Kelowna office.

Agents

Jeff Brown, Jeff Hancock, Victoria Mitchell, Shelby Kostyshen, Nick Renton

Immerse yourself in the vibrant pulse of Downtown Kelowna, a dynamic neighborhood experiencing a surge in density, and an array of shopping, dining, and beach access. The area boasts a diverse mix of office buildings, apartments, and residential towers, including the new UBCO downtown campus. Downtown Kelowna is a hub for indoor and outdoor events, hosting some of the region's finest restaurants that draw in tourists eager to savor the best of the Okanagan. Downtown Kelowna has a central exchange for BC Transit bus services incoming from all regions in the Central Okanagan. Newly installed bike lane framework has allowed for more pedestrian and cycling infrastructure to be brought to the downtown core resulting in increased options for daily commuting. Highway 97 allows for all types of vehicle traffic to access the downtown core and there are several main roadways that allow for multiple access points to the area.