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498 Ellis Street, Penticton, British Columbia V2A 4M2
Forced Air
$2,650,000
Prominent building in a great location in the heart of the professional district of Penticton. The is fully leased to a major accounting firm, law office, and corporate offices on the main and upper floors. The lower level contains 7 small offices that are also fully leased to a variety of tenants, many of which have been in place for a number of years. The large corner lot measures 100' by 75', for a total of 0.172 acres, while the building has 15,254 square feet of usable space. Phase 1 environmental report available, along with a recent property inspection report. Property is showing a 5.6% cap rate factoring in a 5% vacancy rate, although there has not been any vacancies over the last number of years. (id:50889)
Business
| Business Type | Other |
| Business Sub Type | Offices |
Property Details
| MLS® Number | 198570 |
| Property Type | Office |
| Neigbourhood | Main North |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Features | Central Location, Corner Site, Visual Exposure, Flat Site |
Building
| Amenities | Shopping Area |
| Constructed Date | 1960 |
| Heating Type | Forced Air |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.172 |
| Size Total | 0.172 Ac|under 1 Acre |
| Size Total Text | 0.172 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/25455836/498-ellis-street-penticton-main-north
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June 05 2023 11:32:15
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