A premium commercial property with significant redevelopment potential as new commercial building, hotel, or purpose-built rental, located on Spall Road in Central Kelowna. Approx. 1.96 acres of flat, rectangular-shaped land with +/-177,200 ft of frontage along Spall Rd and +/-177,200 ft to the back of the property along Bredin Road. Single-storey commercial building of approx. +/-24,882 SF provides a source of holding income while awaiting redevelopment. Current C2 zoning would potentially allow for a new 3-storey commercial building, 6-storey hotel, and all with possible bonus allocations for additional FAR. Strategically located between the Capri-Landmark Urban Centre and the Midtown Urban Centre and only one block south of the Harvey Ave/Highway 97 corridor. This is a well-established commercial area of Kelowna, close to restaurants, coffee shops, gas stations, boutique shops, specialty businesses, banks, and public transportation. (id:2493)
Data was last updated June 17, 2024 at 09:45 AM (UTC)
Area Statistics
Listings on market:
54
Avg list price:
$2,235,000
Min list price:
$298,880
Max list price:
$22,000,000
Avg days on market:
76
Min days on market:
3
Max days on market:
208
Avg price per sq.ft.:
$665.24
These statistics are generated based on the current listing's property type
and located in
Kelowna. Average values are
derived using median calculations.
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