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2864-2860 Arawana Road

$3,690,000 | 2 Beds | 1 Baths | 2,200 Sq.Ft.
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2864-2860 Arawana Road

MLS #10260008

Property Description

AUCTION OPPORTUNITY; The best of both worlds; a gorgeous Naramata estate property with huge income potential! 10 acre property on the coveted Naramata Bench, featuring a picturesque and productive 3 acre vineyard. Great mix of estate-style living and income-producing opportunities. 6500 sq.ft. newer warehouse with +/- $1,000,000 invested. Originally built for cannabis production but easily reconfigured for other uses. Built to EU GMP standards for food growing and processing, and would be well suited for a vertical grow operation or other manufacturing. Growing food supply shortage fears and worsening droughts make indoor vertical farming the next big business, and this building was designed just for that. Possible conversion to 5 agritourism units, which the owner investigated thoroughly. Riesling vineyard produces approximately 7-9 tons annually with possibilities to increase production. There is a 1050 sq.ft. primary home (rented $1,850 / month) with a newer, modernized 750 sq.ft. guest home with spectacular lake and valley views. AUCTION IS LIVE! BID DEADLINE: September 1 2022. Undisclosed reserve is set $400,000 below appraised value and $900,000 below prior accepted offer price. Contact the listing agent for information on how to register and submit a bid prior to the deadline. AUCTION LINK: (id:47466)

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MLS® Number:10260008
Full Address:2864-2860 Arawana Road, Naramata, British Columbia, V0H1N1
Built In:1995
List Date:July 29th, 2022
Lot Size:10.200 ac|10 - 50 acres

Property Specifications


Interior Features

Ownership Type:Freehold
Utility Sewer:Septic System
Water Service:Municipal water
Total Finished Area:2200 sqft

Building Features

View:Lake view, Mountain view, View


Square Footage:2200 sqft


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Agent: Scott Marshall | Office: RE/MAX Kelowna
Multiple Listing Service (MLS) trademark® The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. ©2017 The Canadian Real Estate Association. All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.

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