$ 18,600,000 – 575 PAGE Avenue
0 BR / 0 BA Industrial – Penticton
Exceptional opportunity to acquire a prominently positioned commercial asset with frontage along both Okanagan Avenue and Camrose Street. This well-located building has benefited from extensive capital improvements over the past four years, with reported renovations totaling approximately $1.2 million, substantially enhancing functionality, efficiency, and long-term durability. The property offers 33,784 square feet of gross leasable area on a flat 0.68-acre parcel and is zoned M1 (Mixed Urban Centre Commercial), accommodating a broad range of commercial and light industrial uses. A diverse tenant mix provides multiple income streams, contributing to a balanced and resilient investment profile. Additional features include 18 on-site parking stalls, an elevator, and fully accessible washrooms, ensuring tenant convenience and regulatory compliance. A recent appraisal is on file, and the 2026 BC Assessed Value is $4,257,000, offering meaningful context relative to the current offering. With substantial capital improvements already completed and strong corner exposure in a highly visible location, this property represents a compelling turnkey investment opportunity with both income stability and longer-term upside potential. (id:6769)Construction Info
| Interior Finish: | 74000 |
|---|---|
| Sewer: | Municipal sewage system |
Rooms Dimension
Listing Agent:
Steve Thompson
(250) 490-7653
(250) 490-7653
Brokerage:
Chamberlain Property Group
(778) 476-7778
(778) 476-7778
