282 97B Highway

Description

Outstanding Revenue Property located minutes from Gardom Lake! This 3.48-acre, highway commercial zoned lot comes improved with 19 separate residential suites featuring eleven (11) mobile homes, three (3) cabins, including a duplex cabin, two (2) suites above grade in the shop & two (2) pad rentals. All units are serviced with water and septic, cablevision, natural gas, electrical, gravel driveways & landscaping. Given the location along the well-traveled highway corridor between Enderby & Salmon Arm and given the sites’ highway commercial zoning with +/- 380 ft of highway frontage & service road, a range of possible service, recreation or retail-oriented uses would be feasible, including servicing the on-going demand for RV/Cabin-based lodging. Site improvements include two (2) drilled wells, several septic systems servicing the 19 units + three (3) transformers & 400-amp service provide plenty of power & water. The property has benefitted from a regular schedule of maintenance & upgrades. Also included is an +/- 1,980 SF shop building with 16ft ceilings, mechanical room + two (2) bachelor suites above grade. Opportunities to acquire income producing assets with flexible highway commercial zoning like this rarely come to market. The property produces $221,972.52 of gross annual revenue. Surplus land may be suitable for mobile home park expansion or some other use within the permitted C-2 zoning. (id:63159)

Property Details

Annual property tax

$3,898.01

Brokerage

Business Finders Canada

Location Insights

Population

3,028

(2021 Census)

+2.2% since 2016

Density

710.8/km²

Dwellings

1,508

Median household income

$59,600

After-tax

$56,000

Immigrant population

7.6%

Top countries of origin

• United States of America1.2% · 35
• United Kingdom1.2% · 35
• Philippines1.2% · 35
• Germany0.8% · 25
• Netherlands0.7% · 20

Source: Statistics Canada, 2021 Census of Population.

Weather

Nearest station: Salmon Arm

24°C

—

Humidity 53%

Wind NNE 6 km/h

Today

24°

Tonight

14°

Thursday

22°

Thursday night

6°

Friday

20°

Friday night

8°

Source: Environment and Climate Change Canada.