Exceptional investment & redevelopment opportunity in Upper Gibsons. Kern’s Plaza offers 21,117 sq. ft. of retail/office space with long-term tenants incl. Salvation Army, generating ~$315,000 NOI (3.95% cap at $7.98M). Situated on a 45,242 sq. ft. C-1 zoned lot, the site permits mixed-use with ground-floor commercial and residential above. Zoning allows ~36,000 sq. ft. footprint and 3–4 storeys as-of-right, with recent approvals supporting 5–6 storeys. Massing concepts suggest 125–230 residential units plus up to 26,910 sq. ft. of commercial. Phase 1 Environmental complete. Hold for stable income today and unlock major redevelopment potential tomorrow.