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$ 2,499,000
Est. payment | /mo
0.29 Acres Lot
$ 2,499,000
Est. payment | /mo
0.29 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Main North
MLS® Listing ID 10382369
Lot Size 0.290 Acres
Acres 0.29
Property Description
Prime standalone retail asset located at one of Penticton's busiest intersections, offering exceptional visibility and access. The property is fully leased to six tenants, providing a diversified and stable income stream. The current NOI reflects a 4.4% cap rate on the list price. Some tenants are currently paying below-market rental rates, presenting a clear opportunity for future income growth. Limited renewal options within the existing leases provide flexibility for an investor to restructure tenancy and enhance long-term value. Additionally, this is an ideal holding property with strong future redevelopment potential. For detailed financial information, please contact the listing agent directly. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by Coldwell Banker Horizon Realty
Nearby Locations
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