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5480 Anderson Way, Vernon

MLS® #10373658
About this Property

Rare opportunity to acquire a close to 2-acre, flat and fully usable Commercial Mixed Use (CMUB) development site in Vernon’s highly sought-after North Anderson commercial corridor. CMUB zoning supports a wide range of mixed-use, residential, retail, office, hotel and institutional uses with building heights up to 6 storeys (buyer to verify). The level topography minimizes development complexity and construction costs, making this an ideal site for efficient high-density development. Excellent accessibility and exposure with close proximity to national retailers, restaurants, hotels, recreation facilities and growing residential neighbourhoods, driving strong long-term demand. Large parcels of this size and zoning are increasingly scarce in this district. This area is seeing active redevelopment interest, including a recently submitted 176-unit mixed-use residential project nearby. This confirms municipal support for density and long-term growth in the Anderson Way corridor. Outstanding opportunity for developers, investors or land banking in one of Vernon’s strongest growth nodes. (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Freehold

Annual Tax

$28,090

Parcel Number

031-448-232

Data Source

Association of Interior REALTORS®

Exterior & Lot

Lot Size

1.96 acres

Building & Utilities

Water Source

Municipal water

Sewer

Municipal sewage system

Utilities

Natural GasElectricityTelephone

$4,490,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Oakwyn Realty Okanagan-Letnick Estates

Mortgage Calculator
$898,000

Loan Amount:

$3,592,000

Estimated Monthly Payment:

$17,504

This is an estimate for informational purposes only. Consult with a financial advisor.