Approx. 6.18% CAP rate for 2023 (2022 NOI is $132,047.04 & 2023 NOI is $154,251.72). Outstanding opportunity to purchase a commercial building in the heart of Downtown Vernon. This is an excellent opportunity for an investor or owner-occupier to acquire a prominent two-storey building for either a single or multiple tenants. Property totals .211 acres and contains a 11,960 SF building with a 5,960 SF basement. Long term tenant (40+ years) occupies the building & has been month to month for the past 3 years. Large retail space on the first floor, clean second floor office space with boardroom, offices & kitchenette area and basement is used for inventory storage. Ground level loading dock and interior freight elevator. 12 on-site parking stalls and plenty of street parking in the area. Zoned C7 Heritage Business District. Property is located on 30th Ave the main east-west route through downtown and one block west of 32 St, the main north-south arterial route through Vernon. This is an OUTSTANDING INVESTMENT OPPORTUNITY.