Commercial land near Vernon Golf Course sells for $4 million

A 2.67-acre commercial property across from Vernon Golf and Country Club has sold for $4 million.

It was sold through William Wright Commercial Real Estate Services as an off-market transaction, meaning it was not listed publicly.

“The property has multiple buildings providing a steady and diverse income stream,” a news release from William Wright Commercial says. “The site is fully fenced with lots of yard space which makes for a highly desirable location for multiple tenants.

READ MORE: Yellowstone Ranch near Beaverdell auctioned for $15 million

“The site also has great medium/long term redevelopment potential as the 2.67 acre site is significantly underutilized.”

It has more than 250 feet of street frontage and up to 410 feet of depth and is at 903-915 Kalamalka Lake Road.

It was assessed by BC Assessment, as of July 2022, at 3.15 million, with just over $2 million being for the land.

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