$5,100,000
Amazing investment opportunity downtown Penticton. Fully leased office building with 3 Tenants with escalating leases in the heart of downtown. With 18,751 sqft of first-class office space this building sits on a 0.505 acre of land on Penticton’s colourful Front Street just one block to Okanagan Lake parks, beaches and events. Front Street is the premiere commercial street in the downtown area. There is a popular walking trail running along Penticton Creek right behind the building with a bridge that crosses to Ellis Street. The parking lot has access from both Front Street and from the alley that accesses Backstreet Boulevard. This building has high quality lease hold improvements throughout. RBC Dominion Lending has occupied the building since 1994 with 5,081 sqft of space leased; the City of Penticton leases the entire second floor area at 8,385 sqft and has done extensive lease hold improvements; McLeod-Schneiderat Lawyers leasing 5,285 sqft of space on the first floor and has also just completed extensive lease hold improvements. All leases are full triple-net leases with renewals. The building has 24 dedicated parking spaces and bike lock-up. The property is zoned C5 and offers many of long-term possibilities as Penticton’s best downtown zoning. $6.67/sqft Additional Rent. (id:64133)
-
Property Details
MLS® Number 10376277 Property Type Office Neigbourhood Main South AmenitiesNearBy Recreation, Shopping CommunityFeatures High Traffic Area Features Level Lot ParkingSpaceTotal 21 -
Building
Constructed Date 1995 Cooling Type Central Air Conditioning Exterior Finish Stucco Heating Type Forced Air, See Remarks Size Interior 18,751 Sqft Type Offices Utility Water Municipal Water -
Land
Access Type Easy Access Acreage No Land Amenities Recreation, Shopping Landscape Features Level Sewer Municipal Sewage System Size Irregular 0.51 Size Total 0.51 Ac|under 1 Acre Size Total Text 0.51 Ac|under 1 Acre
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
Your Favourites
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 03 2026 11:21:02
Association of Interior REALTORS®
