444 & 446 Main Street, Penticton home/condo for sale | 10337444

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Property Description

This well-maintained commercial building offers an exceptional opportunity for investors seeking passive, long-term returns. Located in the heart of downtown Penticton, the property Comprises two fully leased units, both occupied by established businesses under secure, long-term triple-net leases. Recent tenant improvements and significant landlord upgrades, totaling approximately $100,000, enhance the property’s value and appeal. With minimal management required and no near future risk of vacancies, this asset is ideal for those looking to either start or expand their commercial real estate portfolio. Both leases include built-in rent escalations, providing a reliable income stream that keeps pace with market trends. Additionally, the city of Penticton continues to make strategic investments in its downtown core, further enhancing the area's desirability and long-term growth potential. Don’t miss this outstanding opportunity to secure a prime commercial property with solid returns and minimal risk. The property offers a capitalization rate of 5.9%, based on the current income and list price.

Other located at 444 & 446 Main Street. The property was built in 1930. 444 & 446 Main Street is in the Penticton neighborhood. PE Columbia/Duncan, PE Wiltse/Valleyview, and Penticton are nearby neighbourhoods.

Agent Contact: John Green Phone: +12504865353
Listing Courtesy of: Chamberlain Property Group
Source: kelowna , MLS#: 10337444 Agent Contact: Natasha Badger Phone: +12504628733
Listing Courtesy of: Chamberlain Property Group
Source: kelowna , MLS#: 10337444

Property Description

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