Village West Mobile Home Park
2261 9 Avenue SW, Salmon Arm, British Columbia
SIGNIFICANT PRICE REDUCTION
Property details
- Lot size 1.504 acres (65,514 SF)
- Listing price $908,000 (4.03% cap rate)
- Zoning C5 - Tourist Commercial Zone
- OCP designation Commercial Highway Service/Tourist (opportunity to rezone to C3 service commercial offering a wide variety of uses and development potential)
- Current improvements Manufactured home community
- Ownership status Asset sale
- Financing Treat as clear title
Opportunity
Avison Young is proud to present Village West Mobile Home Park located at 2261 9 Avenue Southwest, Salmon Arm, BC (the “Property”). Strategically located along a newly upgraded 1.0-kilometer stretch of Highway 1—expanded from two to four lanes between 10th Avenue SE and 10th Street SW—the Property offers exceptional accessibility and visibility. Currently home to the Village West Mobile Home Park consisting of 11 pads generating a 4.03% cap rate, the Property spans a prime commercial development site with C-5 zoning. This offering represents a rare opportunity for investors or developers to acquire premium commercial development land at a highly competitive price with strong holding income.
Development highlights
Prime Development Opportunity: Expansive 1.504-acre site with over 280 feet of prominent frontage on Highway 1
Exceptional Visibility and Accessibility: Ideal location for businesses seeking maximum exposure along Highway 1
Road expansion and upgraded intersection benefit the Property
Variety of uses under the C-5 and C-3 zoning including mini-warehousing, hotel/motel, restuarant, retail and more
Offered well below the 2025 BC Assessed Value of $1,526,500
Holding income through the permitting process
