284 Main Street Penticton, British Columbia V2A 5B2
$2,999,000
Amazing investment opportunity in downtown Penticton. This hard-to-find investment is fully leased with 4 long term tenants with long term leases in place. All the leases are triple net leases. The exterior is done in a French colonial style and the building is 10,607 sq ft. Updates include a new roof and new mechanical systems in 2018, updated electrical as well as the ECORA space on the second floor was renovated along with the lab on the ground floor. City of Penticton completely renovated and upgraded their space when they moved in and is now home to Bylaw Enforcement. Located on the corner of Main St and Nanaimo Ave East the Blenz Coffee shop is a hub of activity and a destination, meeting point, and landmark of Downtown Main Street. Urge 3 Tattoo has exposure off of Nanaimo Ave E. The combined NOI for 2024 will be $202,128. With a CAP rate of 6.7% (id:20009)
Property Details
| MLS® Number | 10305273 |
| Property Type | Other |
| Neigbourhood | Main North |
Building
| Constructed Date | 1970 |
| Cooling Type | Central Air Conditioning |
| Heating Type | Forced Air |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Current Use | Mixed Use |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.13 |
| Size Total | 0.13 Ac|under 1 Acre |
| Size Total Text | 0.13 Ac|under 1 Acre |
| Zoning Type | Unknown |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
| Sewer | Available |
| Water | Available |
https://www.realtor.ca/real-estate/26558013/284-main-street-penticton-main-north
Interested?
Contact us for more information
Philip Fox
Personal Real Estate Corporation
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5
(250) 492-2266
(250) 492-3005
Diane Fox
Personal Real Estate Corporation
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5
(250) 492-2266
(250) 492-3005
Stephen Fox
Personal Real Estate Corporation
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5
(250) 492-2266
(250) 492-3005
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
February 27 2024 11:54:11
Okanagan-Mainline Real Estate Board
RE/MAX Penticton Realty