This well-maintained commercial building offers an exceptional opportunity for investors seeking passive, long-term returns. Located in the heart of downtown Penticton, the property Comprises two fully leased units, both occupied by established businesses under secure, long-term triple-net leases. Recent tenant improvements and significant landlord upgrades, totaling approximately $100,000, enhance the property’s value and appeal. With minimal management required and no near future risk of vacancies, this asset is ideal for those looking to either start or expand their commercial real estate portfolio. Both leases include built-in rent escalations, providing a reliable income stream that keeps pace with market trends. Additionally, the city of Penticton continues to make strategic investments in its downtown core, further enhancing the area's desirability and long-term growth potential. Don’t miss this outstanding opportunity to secure a prime commercial property with solid returns and minimal risk. The property offers a capitalization rate of 5.9%, based on the current income and list price. (id:2493)More details
Offered for the first time in decades, 596 Martin Street presents a rare opportunity to acquire a prime property in the heart of downtown Penticton. This corner lot at Martin Street and White Avenue allows 100% site coverage and features C5 zoning, making it ideal for a mixed-use development. The highest and best use of the property includes a commercial space on the ground floor with apartments above. The building is a well-maintained, solid cinder block structure with outstanding street exposure. Parking is conveniently available at both the front and rear of the property. Currently, the property has fantastic tenants occupying three separate office spaces, providing reliable revenue streams. Please allow 24+ hours' notice for showings. (id:2493)More details
A rare opportunity to own a well-established, turnkey business in a prime, high-traffic location—just steps from Okanagan Lake, Lakeside Resort, and Gyro Park. Situated in the heart of the popular Penticton Farmers’ Market area, this vibrant space offers outstanding visibility and consistent foot traffic throughout the year. Ogo’s is a local favorite with decades of history, offering a wide selection of premium ice cream, chimney cakes, and other food items. The space has a fun, inviting vibe with indoor seating and a sidewalk patio. This is a fully equipped operation ready for new ownership. The asking price reflects the value of the equipment and inventory alone. Major equipment includes a 48-flavour ice cream display freezer, walk-in cooler and freezer. A flexible and affordable lease is available to be confirmed by the Landlord. Whether you're continuing the existing concept or bringing your own vision to life, this is an incredible opportunity to run your own business in one of Penticton’s most desirable downtown locations. (id:2493)More details
Data was last updated May 28, 2025 at 05:15 PM (UTC)
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