$249,000

Commercial For Sale Or For Lease In Penticton, British Columbia

$249,000

Property Information:

The Light Choice. Well established, successful turn key lighting store. 27 year track record. High exposure site, in a strip mall with other complementary home improvement shops in the heart of Penticton. Retail storefront sales & a wholesale supplier to numerous projects locally, and throughout the entire Okanagan/Similkameen. The business only is for sale. Inventory amount negotiable. Attractive lease in place til July, 2023 with provision for a 5 + year extension beyond then. Bright, modern 2000 sq ft showroom was purpose-built, and boasts high ceilings, storage & office space. Grosses in the $850,000 range per year, with tidy retained earnings. Package available with a signed NDA. Opportunities to increase sales with a bigger online presence, and/or extending store hours. Current hours 9 – 4:30 weekdays, NO WEEKENDS, with a staff of four. Current owner nearing retirement & will sign a non-compete agreement, and assist in transition for the new owner. Opportunity knocking! (id:27)

Building Features:

  • Style: Industrial
  • Building Type: Other
  • Amenities: Shopping Area

Property Features:

  • Property Type: Industrial
  • Access Type: Easy access, Highway access
  • Amenities Nearby: Airport, Public Transit
  • Community Features: High Traffic Area
  • Features: Central location, Corner Site, Visual exposure, Flat site
  • Sewer: Municipal sewage system

Courtesy of: Royal LePage Locations West Realty

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