246 MAIN STREET Penticton Main North (Penticton, British Columbia, CA - V2A 5B2) Built

$724,800 CAD
Great investment opportunity!

Royal Lepage

Dan Jones, Realtor Dan Jones, Realtor 1-800-734-0457 (Office) 1-250-488-0226 (Cell) Request More Info

  • Very favorable lease rate in place.
  • Type: Commercial
  • Style: Commercial
  • Development Level: Built
  • Lot Size: 0.07 acres
  • Taxes: $4,416.00 CAD (2020)
  • MLS ® #: 188801

Description

Great investment opportunity with a very favorable lease rate in place. 8 years remaining on existing lease. Lease & lease rate will be available upon the signing of a confidentiality agreement. CAP rate of 5.2 based on current lease. There is a mo. to mo. tenant who wants to stay which adds extra revenue & increases the CAP rate to 6.8. Size of building is taken from eValueBC & lot size is 3000 sq. ft. with 100% site coverage less the recessed entry & storage at rear with alley access. C5 zoning. Two 4 yr. old furnaces, roof is about 10 yrs. old. Building may have been constructed in the mid-40s with a major renovation in the 1960s. Previous use was for 2 stores. Civic address is 246 & 250 Main St.. Located in the busiest block in Penticton on the best side of the street that's bathed in afternoon light. The Farmer's Market is at the doorstep of this tremendous location & it is close to all the popular shops, restaurants & galleries in the downtown. Location, location, location! .

Attachments

Highlights

  • Site Influences Easy Access, High Traffic Area, Public Tran. Nearby, Shopping Nearby, Recreation Nearby, Flat Site, Visual Exposure, Handicapped Adap.
  • Included/Excluded IN: Air Conditioner

Features

Exterior Finish

  • Concrete

Heating

  • Forced Air
  • Natural Gas

Sewer/Water Systems

  • Water District

Extra Features

  • Storage
  • Wheelchair Access
P2#444879560
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Information is deemed to be correct but not guaranteed.

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