1413 Main Street Penticton, British Columbia V2A 5G4
$2,499,000
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. (id:49203)
Property Details
| MLS® Number | 10382369 |
| Property Type | Retail |
| Neigbourhood | Main North |
Building
| Type | Retail |
Land
| Acreage | No |
| Size Irregular | 0.29 |
| Size Total | 0.29 Ac|under 1 Acre |
| Size Total Text | 0.29 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/29569015/1413-main-street-penticton-main-north
Contact Us
Contact us for more information
Stewart Dunbar
Personal Real Estate Corporation
#14 - 1470 Harvey Avenue
Kelowna, British Columbia V1Y 9K8
(250) 860-7500
(250) 868-2488
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