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Vacant Vernon bank building sells below assessment

Old branch building of 23,178 square feet on a 0.15-acre lot in downtown Vernon, B.C., sold for $3 million.
Cushman & Wakefield, Vernon, B.C., for Western Investor
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Cushman & Wakefield, Vernon, B.C., for Western Investor

Type of property: Office building

Location: 3130 30 Avenue, Vernon, B.C.

Number of tenants: vacant

Size of property: 23,178 square fet

Size of land: 6,500 square feet

Land size in acres: 0.15 acres

Zoning: C7 (Heritage Business District)

BC Assessment value: $4.23 million

List price: $3.28 million

Sale price: $3 million

Date of sale: March 17, 2022

Seller: Royal Bank Realty Ltd.

Brokerage: Cushman & Wakefield, Vernon, B.C.

Broker: Craig Haziza.