354 Main Street, Penticton | $2,199,000

Amazing investment opportunity in the heart of the City of Penticton???s downtown core. This mixed use building features 2 commercial units on the ground floor with 4 residential units above. The building is located in the 300 Block of downtown and enjoys high volume traffic. The building has been extensively upgraded and renovated. The two commercial unit tenants are Vitamin King and Just 4 Fun. Vitamin King has 3,000 sqft and has just signed a lease extension for 5 years. Vitamin King is a long-term tenant and has been in the building since 1992. Just 4 Fun is an existing new business that has been the building since 2022 and has 2,556 sqft. 2 of the 4 residential units have been renovated and monthly rent increased accordingly. There are still great upsides in the 2 unrenovated residtial units. Call to inquire today on this great investment opportunity.

Description

Amazing investment opportunity in the heart of the City of Penticton???s downtown core. This mixed use building features 2 commercial units on the ground floor with 4 residential units above. The building is located in the 300 Block of downtown and enjoys high volume traffic. The building has been extensively upgraded and renovated. The two commercial unit tenants are Vitamin King and Just 4 Fun. Vitamin King has 3,000 sqft and has just signed a lease extension for 5 years. Vitamin King is a long-term tenant and has been in the building since 1992. Just 4 Fun is an existing new business that has been the building since 2022 and has 2,556 sqft. 2 of the 4 residential units have been renovated and monthly rent increased accordingly. There are still great upsides in the 2 unrenovated residtial units. Call to inquire today on this great investment opportunity.

General Info


MLS Listing ID: 10323611 Bedrooms: 0 Bathrooms: 0 Year Built: 1940
Parking: Surfaced Heating: Hot Water Lotsize: N/A Air Conditioning : N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .