175 2ND Avenue
Kamloops, British Columbia v2c2a2

Downtown Kamloops Office Tower with Strong Tenancy & Development Upside An outstanding opportunity to acquire a Class ""A"" 10-storey office tower in the heart of downtown Kamloops, accompanied by two adjacent parking lots with redevelopment potential. This cast-in-place concrete building, constructed circa 1974, offers nine floors of premium leaseable office space plus a full basement with revenue-generating storage units, and a 10th floor housing mechanical systems. The property has undergone significant recent upgrades, including modernized elevators, HVAC systems, and a fully renovated main lobby and entryway—ensuring long-term operational efficiency and appeal. The building is 94% leased to a strong mix of Federal and Provincial Government agencies, Crown Corporations, public companies, law firms, and professional offices, providing stable and diversified income. Vacany in 2 suites totalling 3200 sq ft of the total of leaseable of the building of over 52,000 sq ft. Included are two adjacent parking lots with 44 open stalls, which not only support the current tenancy but also offer future development potential. Preliminary design work has been completed for a residential redevelopment on these lots, with plans that preserve essential parking for the existing office tower—making this a rare opportunity for mixed-use expansion in a prime downtown location. Whether you're an investor seeking a high-performing asset or a developer looking to unlock additional value, this property delivers both immediate income and long-term growth potential. (38945549)