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5860 Beach Avenue - Best location in Peachland. Commercial office/retail building with future development potential. The land is 50X120 ft. City of Peachland may approve full lot coverage for a commercial/residential development, 76% residential and 43% retail/commercial with the height of the building up to 55 ft with a potential of 18,000 square feet with a 4 storey office/retail/residential building. The existing building is 1700 sq ft. There are 2 long term leases expiring 2021 with option to renew.

Property Details

  • ID: 10186911
  • Year Built: 1968
  • New Construction: No
  • Estimated Annual Taxes: $10,077
  • Property ID: 101419090
  • Status: Active
  • Living Area: 1,700
  • Neighbourhood: Peachland
  • Style: Commercial
  • Storeys: 1
  • Lot Area: 0.23 Acres
  • Body of Water: Semi-Lakeshore

Features

Classification Retail and Offices
Construction Concrete Block
Description of Year Built Approximate
Division Central Okanagan
Exterior Finish Concrete Block
FractionalInterest Y/N No
Heat Controls Y/N No
Heating Forced Air
Heating Fuel Natural Gas
Indian Reserve Y/N No
Levies No Levies
Occupied on Closing Y/N Yes
Other Zoning Code - C2, Total Leasable Floor Area - 1700, Tax Year - 2016, Supplements Count - 0, Parking Spaces Count - 1, Number of Units - 2, Gross Building Area - 1700, Frontage - 50.00, Depth - 120.00, Acres - 0.230
Roof Tar and Gravel
Seller Disclosures Y/N No
SEWAGE DISPOSAL Sewer
Title Form Fee-Simple Non-Strata
Title Held Freehold
Transaction Type For Sale
View Lake View
Water Influence Semi-Lakeshore
Water supply Municipal
Listed By Helmut Hubert and Grant Wiebe of CENTURY 21 Assurance Realty Ltd.