Property Details


List Price
$1,500,000
MLS®#
187476
Property Address
626 Main St., Medical Arts Building, Penticton, BC, V2A 5C8, Canada
Type
Commercial w/parking lot
Style
Medical clinic + 2 lots for parking
Parking
Open
Year Built
1951
Taxes
$14,929 (2020)
Living Area
5,855 sq.ft.
Lot Size Area
0.42 acres

Downtown

626 Main St., Medical Arts Building, Penticton, BC, V2A 5C8, Canada

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 in Brochure (link under picture, above). Four tenants, one in a two-year agreement, the rest are month to month. Lots will not be sold separately.

 Real Estate Listing provided by
  • Locations West Realty
  • 484 Main Street
  • Penticton, BC
  • V2A 5C5