498 Ellis Street Penticton Main North (Penticton, British Columbia, CA - V2A 4M2) Built
$2,650,000
Stewart Group
Wes Stewart PREC*
250-486-2794 (Cell)
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- 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: $21,665.00 (2022)
- MLS ® #: 198570
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 5.6% cap rate factoring in a 5% vacancy rate, although there has not been any vacancies over the last number of years.
Attachments
P2#525788929
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Information is deemed to be correct but not guaranteed.
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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.