935 Richter Street

For Sale | Industrial | ± 30,492 SQFT | $4,650,000
Overview

Opportunity to acquire a high traffic industrial site that has not been brought to the market for over 30 years. The existing shop and office structures allow an owner occupier to take advantage of built out property for immediate use with ample power, yard space, and delivery access. Property developers can maximize the lot’s usable area with its rectangular site, lane way access, and potential I2 FAR bonusing based on the location of the site. Assembly options are available on Richter St to add an additional .14 and .19 acres for a total in line development lot size of 1.03 acres.

High Traffic Industrial Site

  • 0.7 Acres
  • Single Tenant Industrial Building
  • Ample Yard Storage
  • Rare Central I2 Property

Details
Status

For Sale

Address

935 Richter Street, Kelowna,
Canada

Size

± 30,492 SQFT

Type

Industrial

Price

$4,650,000

Property Taxes

$39,636.89

PID

026-574-071

Zoning

I2

Legal Description

PLAN KAP80270 LOT A SECTION 30 TOWNSHIP 26

Location

The Downtown Area of Kelowna is seeing a significant increase in density across all asset classes. The areas within the North End Neighbourhood Plan have heightened focus for redevelopment and creative solutions to land use. This site is a keystone property in the prominent junction of Richter St., Crowley Ave., and Weddell Pl. Industrial land in the downtown urban area remains in high demand and with limited inventory available on the market attracts significant interest when brought to market.


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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.