284 Main Street, Penticton
MLS® 10305273
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:16512)
Property Details
- Full Address:
- 284 Main Street, Penticton, British Columbia
- Price:
- $ 2,999,000
- MLS Number:
- 10305273
- List Date:
- February 27th, 2024
- Lot Size:
- 0.13 ac
- Year Built:
- 1959
- Taxes:
- $ 30,020
Interior Features
- Air Conditioning:
- Central air conditioning
- Heating:
- Forced air
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Zoning:
- Unknown
- Ownership Type:
- Freehold
- Taxes:
- $ 30,020
Floors
Land
- Lot Size:
- 0.13 ac
- Current Use:
- Mixed use
Neighbourhood Features
Ratings
Commercial Info
Location
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