MLS: 10380567
609 Highway 97
2516 sqft
$559,000
EXCELLENT INVESTMENT AND BUSINESS OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just five minutes from downtown Osoyoos and steps from the U.S. border. Situated on a spacious 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive combination of established revenue, flexible commercial space, and future growth potential. The property currently generates approximately $3,800 per month from two established tenants, operating at an estimated 7.1% cap rate. Leasing the remaining vacant office space could potentially increase the cap rate to approximately 8% or higher. The building contains three separate office units, each with its own electrical service, providing excellent flexibility for investors, owner-occupiers, or multiple business operations. Open the door to a variety of potential business concepts, including a kennel or pet-care operation, or a secure storage facility catering to long-term travellers, snowbirds, and seasonal residents, subject to applicable zoning and approvals. Recent improvements include a new roof, while the large basement with extensive shelving provides valuable storage, inventory, or operational space. With tenants responsible for their own utilities, minimal ownership expenses, proven rental income, and immediate value-add potential, this is a compelling commercial investment in one of the South Okanagan’s most strategic locations. (id:6770)
Investment Opportunities < 1 Acre NewListed by Kelsi Bissonnette
RE/MAX Realty Solutions
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Overview
- Price $559,000
- MLS # 10380567
- Size 2516 sqft
- Exterior Stucco
- Cooling Central Air Conditioning
- Water Municipal water
- Sewer Municipal sewage system
- Listing Agent Kelsi Bissonnette
- Listing Office RE/MAX Realty Solutions
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