260 Okanagan Avenue E, Penticton, British Columbia, V2A 3J7

MLS® # 10367383

Commercial For Sale In Penticton, British Columbia

$2,998,000

None Beds

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260 Okanagan Avenue E, Penticton, British Columbia, V2A 3J7

$2,998,000

Property Information:

High-Profile Corner Investment Property. Exceptional opportunity to acquire a prominently positioned commercial building fronting both Okanagan Avenue and Camrose Street. This property has undergone extensive renovations over the past four years, with reported improvements totaling approximately $1.2 million. Offering 33,784 square feet of gross leasable area on a flat 0.68-acre parcel, this M1-zoned (Mixed Urban Centre Commercial) property accommodates a strong and diverse mix of commercial and light industrial tenants. The current tenant roster provides a stable and diversified income stream, effectively mitigating risk for an investor. Additional highlights include 18 on-site parking stalls, an elevator, and accessible washrooms, ensuring convenience and compliance for all occupants. A true armchair investment, this is a turnkey asset in a prime location with significant capital improvements already completed. (id:27)

Building Features:

Style: Mixed
Building Type: Residential Commercial Mix
Exterior Finish: Stucco
Fire Protection: Security, Sprinkler System-Fire, Security system
Roof Material: Tar & gravel, Roof Material
Roof Style: Unknown, Unknown
Heating Type: Other
Cooling Type: Central air conditioning

Property Features:

Property Type: Other
Built in: 1960
Current Use: Mixed use
Features: Elevator
Sewer: Municipal sewage system
No. of Parking Spaces: 18

Courtesy of: Chamberlain Property Group

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Market Price Trends

All Properties

-7.21%

Price change (1 year)

37.96%

Price change (5 years)

Location of 260 Okanagan Avenue E, Penticton, British Columbia, V2A 3J7

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

27 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

13 storms expected in 2050

Projected Heat Risk: Moderate

27 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 260 Okanagan Avenue E , experiences 7 hot days per year at around 32.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 27 hot days at 36.5 degrees Celsius.

Projected Avg. Temperature

Past

32.7℃

2050

36.5℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

13 storms expected in 2050

23/100

Moderate-Low

ClimateCheck®

Current data

This property, 260 Okanagan Avenue E , experiences 11 significant 2-day storms per year, with about 142.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 155.4mm of precipitation per year.

Precipitation Per Storm

Past

142.3mm

2050

155.4mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 260 Okanagan Avenue E, Penticton, British Columbia, V2A 3J7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$85,969.21

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.97 %

High school certificate or equivalent

33.51 %

Apprenticeship trade certificate/diploma

15.8 %

College/non-university certificate

20.99 %

University Degree

6.73 %

Commuter

Travel To Work

By Car

62.71 %

By Public Transit

0.0 %

By Walking

28.99 %

By Bicycle

0.0 %

By Other Methods

8.3 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

55.44 %

Houses

44.56 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

All Properties

Location of 260 Okanagan Avenue E, Penticton, British Columbia, V2A 3J7

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 260 Okanagan Avenue E, Penticton, British Columbia, V2A 3J7

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

260 Okanagan Avenue E, Penticton, British Columbia, V2A 3J7

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing