284 Main Street. Penticton, British Columbia V2A5B2
Kaila Klassen
Referral Partner
Questions? Call: (778) 721-5551
Description
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 $198,894 Wwith a CAP rate of 6.6% (id:6289)
284 Main Street - Subdivision Statistics
| Avg. asking price | $933,626 |
| Price per sq. ft. | $549 |
| Median price | $670,000 |
| Number of homes for sale in Main North | 175 |
| Number of homes for sale in Penticton | 541 |
| Avg. Days on Market | N/A |
Essential Information
- Listing #10305273
- Price$2,999,000
- Bathrooms0.00
- Acres0.13
- Year Built1959
- TypeOther
- Sub-TypeResidential Commercial Mix
Interior
- Interior FeaturesDrywall
- HeatingForced air
- CoolingCentral air conditioning
Listing Details
- Listing OfficeRE/MAX Penticton Realty
Community Information
- Address284 Main Street
- SubdivisionMain North
- CityPenticton
- ProvinceBritish Columbia
- Postal CodeV2A5B2
Additional Information
- ZoningUnknown
