DEAL | A high-traffic industrial site at 935 Richter St., Kelowna, sold Jan. 15 for $3.9 million. This was on par with the assessed value of $3.875 million, and represented a price of $5.6 million an acre as a redevelopment site. Developed with a shop and office in 1968, the 0.7-acre property has not been brought to the market in over 30 years. It features ample power, yard space, and delivery access for an owner-occupier, as well as offering assembly options on Richter that could facilitate a one-acre redevelopment opportunity. I2 FAR bonusing based on the location of the site is also possible.
PRICE | $3,900,000
FROM | Nick Renton and Jeff Hancock, William Wright Commercial
