Seize this opportunity to acquire this ideally located commercial building comprising 322 and 324 Main St., and offering an exceptional opportunity for investors seeking passive, long-term returns. Located in the heart of downtown Penticton with significant foot traffic taking advantage of the afternoon sun, the property includes two 1300 sqft. leased units with invested tenants. 322 Main is being renovated to house an upscale dog grooming and retail boutique and 324 Main is currently undergoing permitting for a major renovation and upgrades to house a new restaurant. With minimal management required, this asset is a great fit for local or out of town investors looking to either start or add to their commercial real estate portfolio. The C5 Zoning permits a combination of residential and commercial mix includingdwelling units, tourist accommodations, brewery/distillery, health services, restaurant, retail, short term accommodation and more.The City of Penticton continues to invest in its downtown core, further enhancing the long-term growth potential of this building. Take advantage of this opportunity to secure this desirable commercial property with upside and be part of the future of downtown Penticton. (id:6770)

Listed by Jonathan Wall

Engel & Volkers South Okanagan

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