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Home BC Greater Penticton Penticton
626 MARTIN Street
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626 MARTIN Street $625,000
$625,000
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626 MARTIN Street
Penticton, British Columbia V2A5L6

MLS® Number: 10329758

Listing Description

Amazing small office building with parking for at least 4 vehicles, or as a development opportunity in the heart of downtown. There are 4 offices, a large lobby and room to add a 5th office in the waiting area if you need it. The building is in great shape and has a large parking area off the alley. This C5 zoned property is the best downtown zoning you can get allowing for a varied mix of uses. On the development side, it allows for 100% site coverage and is the ideal downtown zoning for a mixed use building. Plans are in place for a 12 unit apartment block with 7 parking stalls and 2 staircases plus an elevator. New zoning and provincial rule changes allow for a building to be built with only one staircase and no requirement for parking -- increasing the density to 20 units. (38048896)

Property Summary

Property Type
Office
Building Type
Offices
Neighbourhood Name
Main North
Title
Freehold
Land Size
0.11 ac|under 1 acre
Built in
1940
Annual Property Taxes
$6,668.28
Parking Type
Street, Rear
Time on REALTOR.ca
25 days

Price and Sale History

Date Status Price
May 15, 2023 Sale Closed $2,440
Mar 17, 2023 Sale Closed $525,000
Jul 15, 2016 Sale Closed $235,000

Building

Bathrooms
Partial
0
Building Features
Features
Level lot
Present Use
Offices
Heating & Cooling
Heating Type
Forced air, See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Asphalt shingle)
Exterior Finish
Wood
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Schools, Shopping
Parking
Parking Type
Street, Rear
Total Parking Spaces
4

Measurements

Square Footage
976 sqft

Land

Lot Features
Landscape Features
Level
Other Property Information
Access
Easy access
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
Philip Fox