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284 Main Street

$2,999,000

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:56785)

Property Details

MLS® Number

10305273

Neigbourhood

Main North

Building

Constructed Date

1959

Cooling Type

Central Air Conditioning

Heating Type

Forced Air

Type

Residential Commercial Mix

Utility Water

Municipal Water

Land

Acreage

No

Current Use

Mixed Use

Sewer

Municipal Sewage System

Size Irregular

0.13

Size Total

0.13 Ac|under 1 Acre

Size Total Text

0.13 Ac|under 1 Acre

Zoning Type

Unknown

Utilities

Electricity

Available

Natural Gas

Available

Telephone

Available

Sewer

Available

Water

Available

Interested?

Contact us for more information

Kyle photo 250.300.9234 kyle@pruskyproperties.com

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