Active

$4,490,000

3030 40 Street SE, Salmon Arm, BC

Industrial at 3030 40 Street SE in Salmon Arm, BC currently offered at $4,490,000.

Beds: -
Baths: -
Sq Ft: 2970
Built: 1990

Property Specifications

Lot Size: 10 acres
Water Source: Municipal water
Sewer / Septic
Heating: Forced air

The Property

Rare opportunity to acquire approximately 10 acres of M1 (General Industrial) zoned land in Salmon Arm's established industrial corridor. The M1 zoning permits a broad range of industrial and commercial uses, making this an ideal property for owner-users, developers, or investors. The property features an approximately 3,000 sq. ft. log building that has previously operated as corporate offices and a show home. The building is well suited for office, administrative, or client-facing operations and can be adapted to meet a variety of business requirements. Supporting improvements include a detached three-bay garage with radiant natural gas heat and a washroom, as well as a 30' x 40' service shop complete with natural gas, power, water, and a 10' wide x 12' high overhead door. The site offers exceptional flexibility. Utilize the property as a single 10-acre industrial operation or capitalize on the preliminary approval (PLR) already in place for a 9-lot industrial subdivision, providing significant development potential. The land is predominantly level and highly usable, offering efficient site planning and development. With no building scheme or construction timeline restrictions, purchasers have the flexibility to develop according to their operational or investment objectives. The site is serviced by two high-volume water wells, municipal water, and three-phase power, providing the capacity required for a wide range of industrial operations and future development. Strategically located with excellent access to both Highway 97B and the Trans-Canada Highway, the property benefits from efficient transportation routes and no seasonal road restrictions, making it well suited for manufacturing, warehousing, distribution, service industrial, and a variety of other industrial applications. (id:63761)

Local Area Context • Salmon Arm

Living in Salmon Arm

The regional hub and service anchor of the Shuswap, providing year-round municipal infrastructure, healthcare, education, and a fully operational small-city economy.

Local Due Diligence & Property Realities

Daily experience varies significantly by neighbourhood. The downtown and harbourfront core offers genuine walkability with local shops and dining, but higher-elevation neighbourhoods like Hillcrest or Raven shift toward vehicle dependency and distinct winter challenges. Because of elevation change, hillside neighbourhoods often receive substantially more snow than lake-level areas. While upland districts offer larger lots and proximity to schools, they require comfort with steep winter commutes and the necessity of private snow clearing on steep driveways. The city's urban boundaries are tightly constrained by protected Agricultural Land Reserve (ALR) farmland, creating a reality where modern subdivisions sit directly adjacent to active agricultural operations. Residents must navigate "Right to Farm" provisions, which prioritize agricultural production — meaning seasonal smells, noise, and dust from farming operations are a practical consideration.

First-party area intelligence by Jeff Ragsdale, REALTOR®Full Salmon Arm Area Guide