1413 Main Street
Penticton, British Columbia
MLS® 10382369
$2,499,000
- Status
- Active
- Property type
- Retail
- MLS® number
- 10382369
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 7Listing description
Prime standalone retail asset located at one of Penticton’s busiest intersections, offering exceptional visibility and access. The property is fully leased to six tenants, providing a diversified and stable income stream. The current NOI reflects a 4.
4% cap rate on the list price. Some tenants are currently paying below-market rental rates, presenting a clear opportunity for future income growth. Limited renewal options within the existing leases provide flexibility for an investor to restructure tenancy and enhance long-term value.
Additionally, this is an ideal holding property with strong future redevelopment potential. For detailed financial information, please contact the listing agent directly.
Property summary
- MLS® number
- 10382369
- Property type
- Retail
- Building type
- Retail
- Land size
- 0.29 acres
- Days on market
- 165 days
What would this home cost you?
Based on the $2,499,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Coldwell Banker Horizon Realty, Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.