260 OKANAGAN Avenue E, Penticton, BC V2A3J7
260 OKANAGAN Avenue E, Penticton, BC V2A3J7
260 OKANAGAN Avenue E, Penticton, BC V2A3J7
25
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$2,199,000
Est. payment /mo
0.68 Acres Lot
Price Dropped by $199K

260 OKANAGAN Avenue E Penticton, BC V2A3J7

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Industrial Area

MLS® Listing ID 10367383

Year Built 1960

Lot Size 0.680 Acres

Acres 0.68

Property Description

High-Profile Corner Investment Property. Exceptional opportunity to acquire a prominently positioned commercial building fronting both Okanagan Avenue and Camrose Street. This property has undergone extensive renovations over the past four years, with reported improvements totaling approximately $1.2 million. Offering 33,784 square feet of gross leasable area on a flat 0.68-acre parcel, this M1-zoned (Mixed Urban Centre Commercial) property accommodates a strong and diverse mix of commercial and light industrial tenants. The current tenant roster provides a stable and diversified income stream, effectively mitigating risk for an investor. Additional highlights include 18 on-site parking stalls, an elevator, and accessible washrooms, ensuring convenience and compliance for all occupants. A true armchair investment, this is a turnkey asset in a prime location with significant capital improvements already completed. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Interior

Heating Other

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Roof Type Unknown,Unknown

Attached Garage No

Total Parking Spaces 18

Garage No

Private Pool No

Building

Sewer Municipal sewage system

Others

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Listed by Chamberlain Property Group

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Andrew Loewen

Andrew Loewen

Agent | License ID: 181959

+1(250) 801-6713

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260 OKANAGAN Avenue E