477 Leon Avenue

For Sale | Office | ± 2,720 SQFT | $1,025,000
Overview

This 2-storey commercial office building includes a gross building area of 2,720 square feet including 1,470 square feet on the main level and 1,250 square feet on the second level and is currently demised for a single tenant. This site includes 5 on-site parking stalls and is easily accessible from Hwy 97 and Ellis Street. This is a great purchase opportunity for owner/users looking to own their own standalone downtown office or investors looking to capture the future redevelopment upside. The surrounding area has seen an immense increase in multifamily, commercial and mixed use developments and this site once assembled with the neighboring properties can accommodate up to 26 storeys (7.2 FAR) based on the Future Land Use designation Urban Centre (UC).

2-Storey Office Building with Redevelopment Upside

  • 2-storey commercial office building in downtown Kelowna
  • Central location with future redevelopment upside
  • Surrounded by upcoming density and redevelopment
  • Well kept improvements with offices on both floors, main floor washrooms, storage and meeting space
  • Short term leaseback may be available

Details
Status

For Sale

Address

477 Leon Avenue, Kelowna,
Canada

Size

± 2,720 SQFT

Type

Office

Price

$1,025,000

PID

005-455-758

Zoning

UC1

Legal Description

Lot B, District Lot 139, ODYD, Plan KAP15778

Location

The property is located in downtown Kelowna just off of Highway 97. The area boasts a diverse mix of office buildings, residential towers, retail stores, dinning options, and beach access within walking distance. 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.


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Jeff Hancock
Jeff Hancock

Personal Real Estate Corporation

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.