498 Ellis Street Penticton Main North (Penticton, British Columbia, CA - V2A 4M2) Built

$2,750,000

Royal Lepage Locations West Realty

Wes Stewart PREC Wes Stewart PREC 250-460-6677 (Cell) Request More Info

  • Type: Commercial
  • Style: 2 Storey
  • Size: 15,254 sq. ft.
  • Development Level: Built
  • Lot Type: Corner
  • Lot Size: 0.17 acres
  • Year Built: 1960
  • Taxes: $18,199.00 (2021)
  • MLS ® #: 195276

Description

Prominent building in a great location in the heart of the professional district of Penticton. The is fully leased to a major accounting firm, law office, and corporate offices on the main and upper floors. The lower level contains 7 small offices that are also fully leased to a variety of tenants, many of which have been in place for a number of years. The large corner lot measures 100' by 75', for a total of 0.172 acres, while the building has 15,254 square feet of usable space. Phase 1 environmental report available, along with a recent property inspection report. Property is showing a 5.89% cap rate with an assumable mortgage to qualified buyers at 2.95% which is a tremendous advantage as interest rates continue to rise.

Attachments

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