903 Raffan Road
Armstrong, British Columbia
MLS® 10399311
$5,900,000
- Status
- Active
- Property type
- Business
- MLS® number
- 10399311
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 37Listing description
Prime 7. 721 acres of C4 zoned property on Highway 97 between Armstrong BC and Vernon BC. Excellent highway visibility and easy access off of Otter Lake Cross Road roundabout.
Approximately 830 feet of Highway Frontage/Exposure! Currently tenanted until July 2030 at over 10% CAP rate(over next four years.) C4 zoning offers numerous business opportunities and potential through Spallumcheen to change zoning to I1(buyer to their perform due diligence).
Property and building have had many recent upgrades. Yard has been levelled and extra gravel added to its base. Building has been re-sided with metal siding and a new roofing structure has been added.
All 2000 + square feet of office space has been updated. Office space includes reception, kitchen, 5 offices and 2 bathrooms. Additionally, 2 more offices off the first warehouse space.
2 large warehouse spaces with 20+ foot ceilings, ideal for storage or maintenance on large vehicles. Building square footage is based off of mapping software and buyer should do their own measurements.
Property summary
- MLS® number
- 10399311
- Property type
- Business
- Building type
- Other
- Square footage
- 9,184 sq ft
- Land size
- 7.72 acres
- Days on market
- 19 days
Features & details
- Heating
- Baseboard heaters, Radiant/Infra-red Heat, Electric
- Exterior features
- Metal
- Lot features
- Level lot, Irregular lot size
- Community features
- High Traffic Area
What would this home cost you?
Based on the $5,900,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Oakwyn Realty Okanagan, Vernon.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.