Description

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:6770)