Premier Landmark commercial property, the Towne Theatre building, on 30th Avenue, Vernons main retail downtown street. Strong diversified tenant mix with excellent income. Majority of leaseable space locked in with long term leases. Also recently rezoned for high density mixed use commercial/ residential development up to 16 floors. Current tenants include Towne Theatre Society, Castanet Media, Ustaad G76 restaurant, Metis Cultural Society, Centre for Positive Living, Vibe Art Gallery, Dan Poulin Law, and various small businesses in the 2nd floor offices. The building sits on .50 acre site large enough for a future high density project without the need for a land assembly. The site has frontage on 2 streets, 30th and 29th avenue, and has 2 side lanes for amazing access for future re-development. Major updates incl New HVAC heaters 2013,Roof 2017, new hi-eff Boilers with electronic controls for theater space 2021. Commercial appraisal on file. (id:47421)
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Detailed Information
Listing Contract Date
2026-01-16
Municipal ID
025-584-111
Property Type
Other
Transaction Type
For sale
Building
Heating Type
See remarks
Type
Residential Commercial Mix
Utility Water
Municipal water
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Sewer
Available
Water
Available
Land
Total Size
0.5 acres
Current Use
Mixed use
Sewer
Municipal sewage system
Size of Irregular Land
0.5
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