Our South Okanagan Commercial Real Estate Listings
Green Real Estate Group specializes in commercial properties across the South Okanagan — from retail and office space to industrial properties and development land. Our team has successfully marketed and sold the largest subdivision in Penticton and brings decades of local market knowledge to every commercial transaction.
Whether you are buying, selling or leasing Penticton commercial properties, we provide expert guidance every step of the way. The South Okanagan commercial market is diverse and growing — with strong demand for retail, office and industrial space across Penticton, Oliver and Osoyoos. Furthermore, the region’s thriving tourism, agriculture and technology sectors continue to drive commercial real estate activity.
The South Okanagan is one of BC’s fastest-growing commercial markets. Penticton’s expanding downtown core, Oliver’s agricultural and industrial sector, and Osoyoos’s thriving tourism economy all create strong demand for commercial space. Additionally, investors from Vancouver and Calgary are increasingly discovering the value and opportunity this region offers compared to larger urban markets.
Browse our current South Okanagan Commercial Real Estate listings — featuring office space, retail, industrial and development land for sale and lease across Penticton, Oliver and the South Okanagan Valley.
Recently renovated 1,950 sq ft professional office space located in one of Penticton's downtown premium blocks. This exceptional lease space features a welcoming reception area with two dedicated workstations, six private offices of varying sizes enhanced by elegant full-glass partition walls and doors, a professional boardroom, convenient lunch area, and an expansive open flex space. This versatile layout seamlessly accommodates diverse professional practices including law firms, accounting practices, medical offices, and specialized professional service businesses. The intelligent floor plan configuration enables tenants to sublease excess space to qualified professionals, making this vibrant downtown location financially accessible. All measurements approximate, Buyer(s) to verify if important. (id:61463)
Well-maintained two-storey apartment building in a prime walkable location — steps from downtown Penticton and all essential amenities. The property comprises 18 one-bedroom units, seven of these have been fully remodelled with updated kitchens, bathrooms, flooring, and paint. Recent capital improvements include a new boiler and pumps, hot water tank, additional laundry appliances, and a refurbished lobby with secure mailboxes. With no balconies or elevator, the building is exceptionally low-maintenance and operationally efficient. More than half the units remain substantially below market rent, and the property re-leases quickly with minimal vacancy exposure — each turnover a mark-to-market opportunity. Strong occupancy underpins stable cash flow, with a projected capitalization rate of 7.31% at full market rents (id:61463)
This newly built commercial property in the Oliver Industrial Center offers high-quality construction and versatile space suitable for a wide range of uses. Built with insulated concrete form (ICF) walls and soaring 18-foot ceilings, the property consists of two well-designed buildings. The first building is approximately 5,000 sq. ft. and was previously used as a large laser tag facility. The free-span space is ideal for a multitude of uses and is rated F2 under the BCBC. It also features a spacious lobby and reception area, two washrooms, and a conference room. A storage bay with a garage door provides convenient storage, and an additional garage door is roughed into the lobby’s exterior wall for future versatility. The second building is 2,100 sq. ft. and designed as a warehouse-style space. It includes three 12-foot-high garage doors, a large open work area, a washroom, a storage section, and a loft with an office. Rear alley access allows for easy entry and provides additional parking. The current owner occupies this building and is willing to enter into a secure long-term lease if beneficial to the new owner. Offered below the most recent commercial appraisal value, this property presents an excellent opportunity for passive income or an end user. Call the listing agent for a detailed package. (id:61463)
Introducing 43 and 83 Calgary Avenue Apartments, a very special 55+ collection centrally located in Penticton, just steps from all essential amenities, offering safe and convenient senior rental living. Both buildings are in excellent condition and together comprise 46 units: 3 studios, 17 one-bedroom, and 24 two-bedroom apartments, each featuring pleasant and highly desirable layouts. Thanks to its prime location and the distinctive appeal of a 55+ community, this property represents a rare opportunity for investors seeking stable, high-demand rental housing. Suites lease quickly upon availability, providing consistent income and an opportunity to adjust rents to market levels. (id:61463)
