High-Profile Corner Investment Property. Exceptional opportunity to acquire a prominently positioned commercial building fronting both Okanagan Avenue and Camrose Street. This property has undergone extensive renovations over the past four years, with reported improvements totaling approximately $1.2 million. Offering 33,784 square feet of gross leasable area on a flat 0.68-acre parcel, this M1-zoned (Mixed Urban Centre Commercial) property accommodates a strong and diverse mix of commercial and light industrial tenants. The current tenant roster provides a stable and diversified income stream, effectively mitigating risk for an investor. Additional highlights include 18 on-site parking stalls, an elevator, and accessible washrooms, ensuring convenience and compliance for all occupants. A true armchair investment, this is a turnkey asset in a prime location with significant capital improvements already completed. (id:44393)
| MLS® Number | 10367383 |
| Property Type | Other |
| Neigbourhood | Industrial Area |
| Features | Elevator |
| Parking Space Total | 18 |
| Constructed Date | 1960 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stucco |
| Fire Protection | Security, Sprinkler System-fire, Security System, Smoke Detector Only |
| Heating Type | Other |
| Roof Material | Tar & Gravel,other |
| Roof Style | Unknown,unknown |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | No |
| Current Use | Mixed Use |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.68 |
| Size Total | 0.68 Ac|under 1 Acre |
| Size Total Text | 0.68 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29061026/260-okanagan-avenue-e-penticton-industrial-area
Contact us for more information
Steve Thompson
Personal Real Estate Corporation
(778) 476-7778
(778) 476-7776
www.chamberlainpropertygroup.ca/
Juliana Harstone
(778) 476-7778
(778) 476-7776
www.chamberlainpropertygroup.ca/
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®)
