903 Raffan Road, Armstrong

$5,900,000

903 Raffan Road, Armstrong — photo 1903 Raffan Road, Armstrong — photo 2903 Raffan Road, Armstrong — photo 3903 Raffan Road, Armstrong — photo 4903 Raffan Road, Armstrong — photo 5903 Raffan Road, Armstrong — photo 6903 Raffan Road, Armstrong — photo 7903 Raffan Road, Armstrong — photo 8903 Raffan Road, Armstrong — photo 9

About this property

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. (id:66939)

Property details

Price
$5,900,000
Living area
9,184 square feet
Lot size
7.72 acres
Property type
Business
MLS® number
10399311

Location

Map showing the location of 903 Raffan Road, Armstrong

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Source board: Association of Interior REALTORS® .

Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. 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 are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.