304 Martin Street, Penticton, British Columbia V2A 5K4
$4,295,000
Excellent income producing property in downtown Penticton. The Loughheed building is a 2 storey concrete office and retail building located on a prime high exposure corner lot with 220 feet of street frontage and approximately 22,951 SF of gross rentable area. The building has seen approximately $750,000 of capital upgrades, including new roof with solar panels, air conditioning system, boiler, windows and elevator. A long term lease by the Federal Government anchors this investment and is complemented with a diverse tenant mix for the remainder of the building. A great investment with huge potential for the next owner to increase cash flow. Penticton is the economic hub for the South Okanagan and home to 3000 businesses and 100,000 people regionally. Please contact the listing agent for a detailed info package. (id:44708)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail & offices |
Property Details
| MLS® Number | 193898 |
| Property Type | Office |
| Neigbourhood | Main North |
| Amenities Near By | Shopping, Public Transit |
| Community Features | High Traffic Area |
| Features | Central Location, Corner Site, Flat Site |
Building
| Constructed Date | 1965 |
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Shopping, Public Transit |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.34 |
| Size Total | 0.34 Ac|under 1 Acre |
| Size Total Text | 0.34 Ac|under 1 Acre |
Utilities
| Sewer | Available |
https://www.realtor.ca/real-estate/24324738/304-martin-street-penticton-main-north
John Green
Personal Real Estate Corporation
www.teamgreen.ca
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5
(250) 492-2266
(250) 492-3005
Keith Jakes
Personal Real Estate Corporation
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5
(250) 492-2266
(250) 492-3005
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April 27 2022 10:14:39
Okanagan-Mainline Real Estate Board
RE/MAX Penticton Realty