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:4069)
Address
1413 Main Street
List Price
$2,499,000
Property Type
Retail
Transaction Type
Sale
Area
British Columbia
Sub-Area
Penticton
Lot Size
0.29 Sq. Ft.
MLS® Number
10382369
Listing Brokerage
Coldwell Banker Horizon Realty
Postal Code
V2A5G4
