$899,000
Exceptional investment opportunity on busy Highway 97 in Oliver, offering high visibility and stable income. This well-maintained commercial building features a diverse mix of office and retail tenants, with three anchor tenants occupying over 80% of the rentable space, providing long-term stability. The building also includes six smaller offices, catering to a range of professional and service-based users. The property offers 8,000 sq ft of total building area, with approximately 6,800 sq ft of leasable space, making it an efficient and income-generating asset. Numerous upgrades have been completed over the past 20 years, ensuring solid infrastructure and reduced maintenance requirements for years to come. This fully tenanted building generates an attractive 8% plus capitalization rate, ideal for investors seeking a strong return in a growing South Okanagan market. (id:64133)
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Property Details
MLS® Number 10374916 Property Type Other Neigbourhood Oliver CommunityFeatures High Traffic Area -
Building
Constructed Date 1924 Heating Type Forced Air, See Remarks Size Interior 8,000 Sqft Type Residential Commercial Mix Utility Water Municipal Water -
Land
Acreage No Current Use Mixed Use Sewer Municipal Sewage System Size Irregular 0.14 Size Total 0.14 Ac|under 1 Acre Size Total Text 0.14 Ac|under 1 Acre
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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April 15 2026 08:01:43
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