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Home BC Greater Penticton Penticton
444 & 446 Main Street
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444 & 446 Main Street $700,000
$700,000
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444 & 446 Main Street
Penticton, British Columbia V2A5C5

MLS® Number: 10337444

Listing Description

This well-maintained commercial building offers an exceptional opportunity for investors seeking passive, long-term returns. Located in the heart of downtown Penticton, the property Comprises two fully leased units, both occupied by established businesses under secure, long-term triple-net leases. Recent tenant improvements and significant landlord upgrades, totaling approximately $100,000, enhance the property’s value and appeal. With minimal management required and no near future risk of vacancies, this asset is ideal for those looking to either start or expand their commercial real estate portfolio. Both leases include built-in rent escalations, providing a reliable income stream that keeps pace with market trends. Additionally, the city of Penticton continues to make strategic investments in its downtown core, further enhancing the area's desirability and long-term growth potential. Don’t miss this outstanding opportunity to secure a prime commercial property with solid returns and minimal risk. The property offers a capitalization rate of 5.9%, based on the current income and list price. (38316333)

Property Summary

Property Type
Retail
Building Type
Retail
Neighbourhood Name
Main North
Title
Freehold
Land Size
under 1 acre
Built in
1930
Annual Property Taxes
$7,286.15
Total Parking Spaces
3
Time on REALTOR.ca
15 days

Building

Bathrooms
Partial
0
Exterior Features
Roof Style
Unknown (Tar & gravel)
Exterior Finish
Concrete Block
Parking
Total Parking Spaces
3

Measurements

Square Footage
2408 sqft

Land

Other Property Information
Zoning Type
Commercial
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
John Green