High Exposure Commercial Site in Armstrong BC

Retail-Commercial for Sale
Catylist Listing ID: 30315994
Building Size (RSF): 8,550 SF
Gross Building Area: See Agent
Gross Land Area: 7.72 Acres
Sale Price: $2,990,000
Unit Price: $349.71 PSF
Property Use Type: Vacant/Owner-User
Building Name: Valley Auction
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/30/2019

Overview / Comments

Share Sale. The well known Valley Auction facility in Armstrong, BC. 7.72 acres with 836 feet frontage adjacent to Highway 97A. Zoned C4 for a variety of commercial uses. Safe, easy access via the Otter Lake Cross Rd roundabout off of Hwy 97A. 8,550+ square foot concrete block building with various ceiling heights adaptable to a number of uses. The building is at the rear of the lot allowing further development. High exposure, a gravel base and access built to highway standards.

Floor plans, zoning bylaws, plot plan, and full list of features attached.

Additional Details

Regional District: North Okanagan
Parcel ID: 006-064-591
Property Located Between: Vernon, BC and Armstrong, BC
Property Visibility: Excellent
Largest Nearby Street: Highway 97A
Feet of Frontage: 836
Highway Access: Access is by Raffan Road formerly the main highway built to highway standards for weight restrictions. Access to Raffan Road is via the underpass with two roundabouts named Larkin Cross Road and Otter Lake Cross Road, making for safe and easy access to the subject property.
Site Description: The Site It is rare in the current market to find a 7+ acre site adjacent to a main highway. The building is solid yet this site is well suited to redevelopment. There is a well on the property that has not been used for years but is believed to be productive. The building was custom built in 1979 as a cattle, equipment, and general auction facility. Block work by Fred Mann Masonary. The roof was resurfaced in 1994. Front Office Area An open concept reception area with windows on three sides. Two 2 piece washrooms, a coffee area, and two offices. Theatre Area Features 23’4 ceilings. This area has bleacher seating with a kitchen area under the bleachers. The kitchen can be removed to create a 23’4 high area for your utilization. Gas unit heaters here and doors to a covered exterior area. Two offices are adjacent. Reception Area This area is behind the theatre area. There are two ceiling fans and a gas unit heater. Dual metal doors to the east side. Two Washrooms The ladies washroom has two stalls. The men’s has a single stall and a urinal. Kitchen Area • Vinyl plank flooring with a pass through to the reception area. • Two Thermotek ovens – one with a four burner gas cooktop, the other with a griddle surface • Quest fire suppressive exhaust hood system. • Two deep fryers • Two fridges • Freezers nearby • Stainless steel dual sinks Car Auction Area • Gas unit heater and two ceiling fans • A 10’ and a 12’ vehicle door to allow vehicles to pass through • The frame wall between the car auction area and the reception area can be removed Mechanical • Three electrical panels with 200 amp main electric • Unit heaters are natural gas • Septic system on south side, pumped two years ago • Rock and gravel sub service • Electrical outlet by Highway for a sign
Year Built: 1979
Roof Type: Flat
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Other
Zoning Description: C4 - Service Commercial
Lot Frontage: 836
Lot Depth: 400
Water Service: Other
Sewer Type: Septic
Easements: Utilities

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Photograph of Listing Agent

Don Kassa

RE/MAX - Vernon Commercial First Member
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