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498 Ellis Street, Penticton, British Columbia V2A 4M2

Forced Air

$2,700,000

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 5.89% cap rate with an assumable mortgage to qualified buyers at 2.95% which is a tremendous advantage as interest rates continue to rise. (id:50889)

Business

Business Type Other
Business Sub Type Offices

Property Details

MLS® Number 195276
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/24635801/498-ellis-street-penticton-main-north

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