LOADING

626 Main Street, Penticton, British Columbia V2A 5C8

Forced Air

$1,500,000

4 TITLES. A unique opportunity in Penticton's downtown core, across from Theo's Restaurant. One-level office building on .212-acre double lot. Price includes two separate side-by-side vacant lots across the alley facing Ellis Street used for parking - each is .106-acre. The building is cinder-block construction, with additional parking directly behind. Building is zoned C5 and is located in the Downtown Development Permit Area. The lots are zoned Institutional but the city is supportive of a rezoning to low- or medium-density residential, duplexes or fourplexes. OCP designates the lots as Urban Residential. Building has a buried oil tank under an extension. Roof needs to be replaced. Property taxes, as well as property size, are for building and both lots. This offering is based on property value but recent revenue statements available. Four tenants, one in a two-year agreement, the rest are month to month. Lots will not be sold separately. Detailed package available. (id:38892)

Business

Business Type Other
Business Sub Type Offices

Property Details

MLS® Number 187476
Property Type Multi-family
Neigbourhood Penticton
Amenities Near By Public Transit
Community Features High Traffic Area
Features Central Location, Flat Site

Building

Constructed Date 1951
Fireplace Present No
Heating Type Forced Air
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Irregular 0.424
Size Total 0.424 Ac|under 1 Acre
Size Total Text 0.424 Ac|under 1 Acre

https://www.realtor.ca/real-estate/22766426/626-main-street-penticton-penticton

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