Fully Leased Building in Prime Downtown Location
Seize the opportunity to acquire this ideally located commercial building comprising 322 and 324 Main St. offering an exceptional opportunity for investors seeking passive, long-term returns.
Located in the heart of downtown Penticton with significant foot traffic taking advantage of the afternoon sun, the property includes two fully leased units with invested tenants. 324 Main is currently undergoing permitting for a major renovation and upgrades to house a new restaurant.
With minimal management required, this asset is a great fit for local or out of town investors looking to either start or add to their commercial real estate portfolio. The City of Penticton continues to invest in its downtown core, further enhancing the long-term growth potential of this building.
Take advantage of this opportunity to secure this desirable commercial property with upside and be part of the future of downtown Penticton.
Offered at - $779,000
Building Overview
Commercial investment opportunity located in the heart of downtown Penticton
High visibility and just 3 blocks to the lake with plenty of foot traffic in the afternoon sun
Approximately 3000 sqft lot and 2600 sqft building
Fully leased to two tenants
Tenant 1 is a retail store that has been in operation at that location for 11 years
Tenant 2 will be opening as an 18 seat restaurant and is completing significant TI’s including a kitchen and 3 restrooms
NOI approximately $31,600
The C5 Zoning permits a combination of residential and commercial mix including dwelling units, tourist accommodations, brewery/distillery, health services, restaurant, retail, short term accommodation and more.
Property Details
