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Office Listings
260 Okanagan Avenue E
Industrial Area
Penticton
V2A 3J7
$3,795,000
Other
- Status:
- Active
- Prop. Type:
- Other
- MLS® Num:
- 10340022
- Build. Type:
- Residential Commercial Mix
- Photos (26)
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Presenting a prime investment opportunity with a mixed-use industrial building offering approximately 33,784 square feet of space on a .678-acre lot, ideally located at the corner of Okanagan and Camrose Avenue in Penticton BC, just a few blocks from Main Street. This versatile property is currently utilized for self-storage, space rentals, and warehouse purposes, providing multiple revenue streams under one roof. The current tenant, who has already invested over $1,174,000 in building improvements since 2021—including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and more—has expressed readiness to sign a long-term, 10-year triple net lease. This setup offers a stable, hands-off income opportunity with minimal management responsibility, backed by a reliable, committed tenant. The proposed lease rate offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio. (id:2493)
- Property Type:
- Other
- Common Interest:
- Freehold
- Total Living Area:
- 33,784 sq. ft.3,139 m2
- Zoning:
- Industrial
- Taxes:
- $41,703 / -
- Community:
- Industrial Area
- Exterior Features:
- Stucco
- Security Features:
- Security system, Security, Sprinkler System-Fire, Smoke Detector Only
- Structure Type:
- Residential Commercial Mix
- Half Bathrooms:
- 0
- Roof:
- Other, Unknown
- Cooling:
- Central air conditioning
- Fireplace:
- No
- Heating:
- Other
- Roof Style:
- Other, Unknown
- Water:
- Municipal water
- Sewer:
- Municipal sewage system
- Current Use:
- Mixed use
- Lot Size:
- 0.68 acre(s)0.28 hectare(s)
- Lot Details:
- 0.68
- Lot Features:
- Elevator
- Total Parking Spaces:
- 16
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Listed by Engel & Volkers South Okanagan and Chamberlain Property Group
Data was last updated April 17, 2025 at 11:15 AM (UTC)
- CHAD WOZNIAK PREC ABR SRES CRS CLHMS MCNE
- Chamberlain Property Group
- 250-488-3304
- chad@realtorchad.ca
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