Positioned on a high-exposure corner in downtown Vernon’s city center, 3301 Coldstream Avenue offers an excellent mix of stable income, tenant diversity, and long-term upside. With total gross rents of $108,688, leases fully net to the landlord, and an implied cap rate at 5.75% this two-story concrete-block building totals approximately 8,804 sq ft and is configured with four main-floor commercial units and three second-floor office areas. The property has seen extensive upgrades in recent years—including interior and exterior paint, flooring, new drywall ceilings, spray foam insulation in the attic, updated electrical and HVAC (3 new units on the roof), roll shutters, improved signage, window film, awnings, and a security/camera system. The building boasts 600-amp 3-phase power and every unit has their own hydro meter. Most tenancies operate on a net basis with annual rent escalations. With CMUC mixed-use zoning allowing a broad range of commercial opportunities this is a compelling downtown Vernon investment for buyers seeking cash flow today and future redevelopment potential. (id:47421)
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Detailed Information
Lot
100 x 0 ft
Amenities Nearby
Public Transit, Recreation, Schools, Shopping
Community Features
High Traffic Area
Features
Level lot, Corner Site
Listing Contract Date
2026-01-27
Maintenance Fee Payment Frequency
Monthly
Municipal ID
002-049-031
Ownership Type
Freehold
Property Type
Business
Transaction Type
For sale
Building
Constructed Date
1975
Cooling Type
Central air conditioning
Exterior Finish
Stucco
Heating Type
See remarks
Roof Material
Other
Roof Style
Unknown
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Street
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Sewer
Available
Water
Available
Land
Total Size
under 1 acre
Access Type
Easy access, Highway access
Amenities
Public Transit, Recreation, Schools, Shopping
Landscape Features
Level
Sewer
Municipal sewage system
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