Description

Commercial Property in the core of downtown Vernon Offered at $2,498,888.00 – (plus businesses) Approximately 12,682 Up to 50% Vendor Take-Back (VTB) financing available. Presenting the 3315 30 Ave Building: A golden chance to own a bustling commercial property in the core of downtown Vernon. This two-story gem is more than an investment; it's a portal to generating both passive and active income, featuring: 1.Vibrant Second-Floor Business: The Vernon Hostel, boasting a 30-bed capacity and a convenient manager's suite. (available for sale) 2.Ground-Floor Tenant: Kawakubo Restaurant, a long-standing establishment occupying roughly 4,270 sqft, providing a consistent income stream. (available for sale) 3.Emerging Revenue Stream: A ready-to-launch 1,200 sqft Cannabis Dispensary space (Cannabis Retail License #450426), alongside an additional 3,070 sqft of rentable basement space, opening new avenues for income. 4.Convenient Freight Elevator: Ensuring easy goods transport from the main floor to the basement, enhancing operational efficiency. Leasing Highlights: 1.Hostel: Hostel Available for sale: $178,000 2.Restaurant: Restaurant available for sale $129,000 3.Basement Space: Available for lease, projecting $3,500 to $5,700 monthly plus T-net.