626 MAIN Street

$1,500,000

187476
MLS#

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Description

4 TITLES. A unique opportunity in Penticton's downtown core, across from Theo's Restaurant. One-level office building on .212-acre double lot. Price includes two separate side-by-side vacant lots across the alley facing Ellis Street used for parking - each is .106-acre. The building is cinder-block construction, with additional parking directly behind. Building is zoned C5 and is located in the Downtown Development Permit Area. The lots are zoned Institutional but the city is supportive of a rezoning to low- or medium-density residential, duplexes or fourplexes. OCP designates the lots as Urban Residential. Building has a buried oil tank under an extension. Roof needs to be replaced. Property taxes, as well as property size, are for building and both lots. This offering is based on property value but recent revenue statements available. Four tenants, one in a two-year agreement, the rest are month to month. Lots will not be sold separately. Detailed package available.

Overview

  • Price $1,500,000
  • MLS # 187476
  • Age 1951
  • Water Municipal water
  • Sewer Municipal sewage system

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