Mixed Use Development Site

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30171091
Property Subtypes: Multi-Family, Office, Retail, Other
Status: Pending/Contingent
Gross Land Area: 8.78 Acres
Sale Price: $2,995,000
Unit Price: $341,116 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2018

Overview / Comments

9110 & 9120 MAIN STREET, OSOYOOS - Unique 8.718 acre mixed-use residential development site on Peanut Lake in downtown Osoyoos within short walking distance to shopping and Lake Osoyoos. Development land area is approximately 6 acres with waterfrontage of 450 feet on Peanut Lake. Current CD8 zoning allows for a phased mixed-use high-density residential development. The zoning provides for commercial development fronting onto Main Street (Highway 3) plus three mid-rise residential buildings with a combined total density of 237 dwelling units facing Peanut Lake. Views of Lake Osoyoos and valley may be achievable depending on the individual building heights and site topography. CD8 zoning allows the site to be strategically developed based on market demand.

Additional Details

Nearest CMA: Penticton
Regional District: Okanagan-Similkameen
Submarket Type: Central Business District
Parcel ID: 011-195-177 & 011-195-185
Zoning: CD8
Property Visibility: Excellent
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Tim Down, AACI, P. App, CAE, RI

NAI Commercial Okanagan
Not a member of Commercial First
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