Exceptional opportunity to acquire a prominently positioned commercial asset with frontage along both Okanagan Avenue and Camrose Street. This well-located building has benefited from extensive capital improvements over the past four years, with reported renovations totaling approximately $1.2 million, substantially enhancing functionality, efficiency, and long-term durability. The property offers 33,784 square feet of gross leasable area on a flat 0.68-acre parcel and is zoned M1 (Mixed Urban Centre Commercial), accommodating a broad range of commercial and light industrial uses. A diverse tenant mix provides multiple income streams, contributing to a balanced and resilient investment profile. Additional features include 18 on-site parking stalls, an elevator, and fully accessible washrooms, ensuring tenant convenience and regulatory compliance. A recent appraisal is on file, and the 2026 BC Assessed Value is $4,257,000, offering meaningful context relative to the current offering. With substantial capital improvements already completed and strong corner exposure in a highly visible location, this property represents a compelling turnkey investment opportunity with both income stability and longer-term upside potential. (id:4069)
Address
575 PAGE Avenue
List Price
$18,600,000
Property Type
Industrial
Type of Dwelling
Industrial
Transaction Type
Sale
Area
British Columbia
Sub-Area
Penticton
Floor Area
74,000 Sq. Ft.
Lot Size
10.03 Sq. Ft.
MLS® Number
10349122
Listing Brokerage
Chamberlain Property Group
Postal Code
V2A6P3
