135 Orchard Avenue Penticton, British Columbia V2A 1X7

$2,100,000

Introducing Orchard House – an iconic 13,000 SF mixed-use commercial building situated on a half-acre of underutilized land with ample parking and extra land space. This versatile property comprises 6 apartments, an event hall with amenities and a large commercial rental space on the second floor currently leased by a successful Dance School. The well-maintained apartments offer a mix of 4 1-bedroom 1-bath units and 2 studios, all currently occupied and under market rents. The main entrance has a spacious vestibule, with commercial washrooms. The Event Hall accommodates 200 people and features a commercial kitchen, a fully equipped music/theater stage, along with several rooms and storage. The second floor, approx 4,000 SF has been configured into 5 areas to accommodate the current tenant. This is a fantastic investment opportunity with a good income stream and is priced equivalent to its land value offering many options for future growth and potential expansion. (id:44708)

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https://www.realtor.ca/real-estate/26293571/135-orchard-avenue-penticton-main-north