Potential Hotel Site for sale

Vacant Land for Sale
Catylist Listing ID: 30200541
Property Subtypes: Hospitality, Multi-Family, Retail
Gross Land Area: 2.10 Acres
Sale Price: $2,600,000
Unit Price: $1,238,095 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/17/2018

Overview / Comments

Over 2 acres prime lakeview property located in West Kelowna. Great hotel site that is right next to Two Eagles Golf Course and 19 Okanagan Grill and Bar. 2 minutes from HWY 97, walking distance to all the amenities, public transit and shopping.

Official Community Plan: Mixed Use. Offered for sale 99 year prepaid lease upon registration, a 125-year lease can be negotiated. Easy to build and all services are at the lot line. It will not be available for long! Easy to build and all services are on-site. Based upon a detailed development plan the seller will consider joint venture with a qualified buyer.

No Provincial Transfer Tax (PTT) and GST exemption may apply on the sale and re-sale. Generally, a much quicker, efficient, certain development process. In commercial application the land lease can be written off as an expense.

Very save and secured investment. Home Depot and Canadian Tire are across the street on a similar land lease. Please contact listing agent for a detailed explanation.

Attachments & Media

Additional Details

Nearest CMA: Kelowna
Regional District: Central Okanagan
Parcel ID: 000-000-000
Zoning: SF-H
Property Located Between: West Kelowna and Kelowna
Property Visibility: Good
Legal Description: Lot 348-2 CLSR 101944 Reserve Tsinstikeptum Indian Reserve No. 9 ODYD PIN 903019007
Largest Nearby Street: Highway 97
Highway Access: 2 minutes from Highway 97
Airports: Kelowna International Airport
Site Description: sloping towards the lake
Area Description: Lakeview of Okanagan Lake. Close to hotels, golf course, shopping and restaurants
Zoning Description: Single Family-High Density. OCP hotel or mixed-use
Topography: Gently Sloping
Easements: Utilities
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Bert Ter Horst

Sage Executive Group Real Estate Commercial First Member
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