1505 Main Street, Penticton, British Columbia V2A5G7

Listing courtesy of Re/max Penticton Realty - Dt.

$3,895,000
List Price
$3,895,000
MLS®
190539
Status
ACTIVE
Year Built
1997

Property Description

INVESTMENT OPPORTUNITY. Multi Tenanted Strip mall property is on an excellent corner, one of the busiest traffic locations in the South Okanagan. This fully occupied strip mall has 7 long term commercial tenants, one residential tenant and has not experienced a vacancy in recent memory. This complex has been extremely well maintained and recent upgrades include: Newer roof, multiple HVAC systems, mechanical systems, exterior paint, parking lot etc. This property has a stable, but diverse tenant mix which provides a low risk passive income with growth potential. This high exposure, high traffic location has access on three sides including lane access and offers lots of parking for tenants and their customers. Close to a major supermarket, services, hospital, this is the City of Penticton's busiest street. Excellent combination of strong tenant base, quality building, and solid revenues with growth potential make this an excellent long term investment. Call LR for information package (id:2579)

Additional Information

Ownership
Freehold
Subdivision
Main North
Country
Canada
Sewer
Municipal sewage system
Lot Size
30,448