$3,650,000
Presenting a prime investment opportunity with a mixed-use industrial building offering approximately 33,784 square feet of space on a .678-acre lot, ideally located at the corner of Okanagan and Camrose Avenue in Penticton BC, just a few blocks from Main Street. This versatile property is currently utilized for self-storage, space rentals, and warehouse purposes, providing multiple revenue streams under one roof. The owner has already invested over $1,174,000 in building improvements since 2021—including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and more. The building is fully leased and the current rent roll offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio. (id:61463)
Property Details
MLS® Number
10350406
Neigbourhood
Industrial Area
Features
Elevator
ParkingSpaceTotal
18
Building
ConstructedDate
1960
CoolingType
Central Air Conditioning
ExteriorFinish
Stucco
FireProtection
Security, Sprinkler System-fire, Security System, Smoke Detector Only
HeatingType
Other
RoofMaterial
Tar & Gravel,other
RoofStyle
Unknown,unknown
SizeInterior
33,784 Ft2
Type
Residential Commercial Mix
UtilityWater
Municipal Water
Land
Acreage
No
CurrentUse
Mixed Use
Sewer
Municipal Sewage System
SizeIrregular
0.68
SizeTotal
0.68 Ac|under 1 Acre
SizeTotalText
0.68 Ac|under 1 Acre
ZoningType
Unknown
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