1/55908 HEMLOCK Street, Oliver
5908 HEMLOCK Street, Oliver, BC V0H1T0
$790,000 total
—
Asset Class
Industrial
Size
—
Building class
B
Zoning
IL — Light Industrial
$ / SF
—
Occupancy
90%
Lot Size
0.82 ac
Clear height
22 ft
Loading docks
1
About this property
At 0.82 acres, this mostly fenced lot is one of the larger industrial parcels in Oliver's industrial area, and it's ready for a big operation. With room for multiple buildings, a large shop, equipment and fleet parking, or a sizeable storage yard, the possibilities are wide open for a contractor, developer, or growing business that has outgrown its current space. The flat vacant site makes planning and building straightforward, with easy access off Hemlock Street and just minutes to Oliver's shops, services, and amenities. Zoned M1 General Industrial. The two adjoining lots, 117 Fir Ave and 147 Fir Ave (with Quonset shop), are also for sale and could be purchased together and amalgamated for approximately 1.5 acres with frontage on two streets. Land this size, zoned and ready for industrial use, is hard to find in the South Okanagan. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$41K
Annual cash flow
$-3K
Cash-on-cash
-1.35%
DSCR
0.93
Going-in cap
5.14%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
76,575
Households
31,669
Median income
$134,500
Median age
36.2
Daytime population
65,904
5-yr growth
4.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 5908 HEMLOCK Street, Oliver.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.