HM Commercial Group is pleased to present a rare commercial redevelopment or investment opportunity at 595 Carmi Avenue in the beautiful City of Penticton.
- Redevelopment site located at a major intersection at the corner of Government Street and Carmi Avenue offering high visibility.
- Corner lot in the heart of the medical services area, directly across the street from the Penticton Regional Hospital and kitty-corner from the Penticton Health Centre.
- 0.207 Acres / 9,017 Square Feet
- C3 Mixed Use Commercial Zoning
- FAR up to 2.00 and height up to 18 meters (5-6 stories)
- City supports a mix of medium-density residential, office and limited retail or personal service commercial uses
- Opportunity for holding income from existing building with a 1,079 SF main floor commercial unit and a 997 SF second floor 3-bedroom residential suite
- Building has recently undergone extensive renovations in the commercial suite. The improvements were done with a pharmacy in mind, however the current set-up will allow for a multitude of business uses
- Property is available vacant and is highly suitable for an owner-user group in the medical services field, or for either immediate redevelopment or future redevelopment with interim holding income once leased
- $83/sq ft of saleable area on 18,034 sq ft net saleable area