SL 1-196 Wade Avenue

For Sale | Office | ± 2,691 SQFT | $674,900
Overview

Fully leased ground floor commercial strata property located close to the heart of downtown Penticton. Approximately 2,691 SQFT of improved space zoned C5 which allows for multiple retail, and office uses. Income producing opportunity offering a 5.4% return at current lease rates. This property is very walkable, bikeable and surrounded by many shops and amenities. Located in between Martin Street and Winnipeg Street.

Fully Leased Income Producing Property | 5.4% Cap Rate

  • Rare ground floor strata lot
  • Fully improved
  • Close proximity to downtown
  • Central location

Details
Status

For Sale

Address

SL 1-196 Wade Avenue, Penticton,
Canada

Size

± 2,691 SQFT

Type

Office

Price

$674,900

PID

026-601-311

Zoning

C5

Legal Description

Strata Lot 1 Plan KAS2973 District Lot 4 Land District 7 Land District 54 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V


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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.