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$ 18,600,000
Est. payment /mo
Price Dropped by $1.4M
575 PAGE Avenue Penticton, BC V2A6P3
74,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 74,000 sqft
Price per Sqft $251
Subdivision Main North
MLS® Listing ID 10349122
Lot Size 10.030 Acres
Acres 10.03
Property Sub-Type Freehold
Property Description
Exceptional opportunity to acquire a prominently positioned commercial asset with frontage along both Okanagan Avenue and Camrose Street. This well-located building has benefited from extensive capital improvements over the past four years, with reported renovations totaling approximately $1.2 million, substantially enhancing functionality, efficiency, and long-term durability. The property offers 33,784 square feet of gross leasable area on a flat 0.68-acre parcel and is zoned M1 (Mixed Urban Centre Commercial), accommodating a broad range of commercial and light industrial uses. A diverse tenant mix provides multiple income streams, contributing to a balanced and resilient investment profile. Additional features include 18 on-site parking stalls, an elevator, and fully accessible washrooms, ensuring tenant convenience and regulatory compliance. A recent appraisal is on file, and the 2026 BC Assessed Value is $4,257,000, offering meaningful context relative to the current offering. With substantial capital improvements already completed and strong corner exposure in a highly visible location, this property represents a compelling turnkey investment opportunity with both income stability and longer-term upside potential. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating See remarks
Cooling See Remarks
Exterior
Parking Features No
View Y/N No
Roof Type Unknown,Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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