559 Okanagan Avenue E, Penticton, BC - Penticton Industrial Investment Property

Penticton Industrial Investment Property

559 Okanagan Avenue E, Penticton, BC, V2A 3K4

Price:
$4,000,000

Property Description

HM Commercial Realty is pleased to present the opportunity for a rare industrial investment property with long-term secure tenants.

559 Okanagan Avenue East is well located in the main industrial area of Penticton, at the corner of Dartmouth Rd and Okanagan Ave/Industrial Ave.

HIGHLIGHTS

  • 0.62 acre corner site with secure yard
  • 17,442 SF building comprised of 15,684 SF main floor and 1,758 SF 2nd floor
  • Property is zoned M1 General Industrial
  • 24 on-site parking spaces along Okanagan Avenue and Dartmouth Road
  • Same property owner for 32 years, and the business was also owner-operated until 2018
  • Property is fully leased to a long-term secure manufacturing tenant
  • Current 10 year lease term expires May 29, 2028 with 2 renewal options of 5 years remaining
  • Building has been well maintained

559 Okanagan Avenue East, Penticton, BC, Canada

Additional Information

Municipal Address 559 Okanagan Avenue E, Penticton, BC, V2A 3K4
Legal Description LOT 4 DISTRICT LOT 3821S SIMILKAMEEN DIVISION YALE DISTRICT PLAN 12511
PID 009-406-476
Location Details 559 Okanagan Avenue East is well located in the main industrial area of Penticton, at the corner of Dartmouth Rd and Okanagan Ave/Industrial Ave. The property is close to many major retailers like Canadian Tire, Home Hardware, and Walmart. The property is also down the street from Penticton Regional Hospital.
Land Area 0.62 acres (27,000.2 SF)
Zoning M1 - General Industrial
Future Land Use
(OCP)
General Industrial (M1)
Taxes $26,818.20 (2023)
Lindsey Termul - VP Sales & Leasing at HM Commercial Realty

Listing Agent

Lindsey Termul

Personal Real Estate Corporation

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.