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Kelowna Industrial property sold for $600K above assessed value

The 22,580-square-foot building is zoned for several different industrial uses
industrial
 
An industrial building in Kelowna has sold for $2.5 million, HM Commercial tells Western Investor
 
The 22,580-square-foot building is situated at a 1.09-acre lot, zoned for general industrial use. Permitted uses include: auctioneering establishments, auto repair shops, commercial storage, outdoor manufacturing, and more. The building has five dock-height loading doors and 16-feet ceilings throughout. 
 
The property is located at 3575 Alcan Rd., Kelowna.
 

Breakdown: 

 
Price: 2,501,000
Lot Size: 1.09 acres 
Property Type: Industrial 
Zoning: I2
2016 B.C. Assessment Value: $1,900,000
City: Kelowna 
Province: B.C. 
Name of Brokerage: HM Commercial Group – Macdonald Realty Kelowna
 

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