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322 Main Street, Penticton, British Columbia, V2A 5C3

MLS® # 10363712
Commercial For Sale In Penticton, British Columbia
$669,900

None Beds

Great downtown location with plenty of foot traffic - 322 Main Street, Penticton, BC
Lot lines are approximate and for reference only - 322 Main Street, Penticton, BC
Renovations underway for new restaurant - 322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
Close to the lake - 322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
Lot lines are approximate and for reference only - 322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
Parking in back - 322 Main Street, Penticton, BC
Interior 322 Main - 322 Main Street, Penticton, BC
Interior 322 Main - 322 Main Street, Penticton, BC
Great downtown location with plenty of foot traffic - 322 Main Street, Penticton, BC
Lot lines are approximate and for reference only - 322 Main Street, Penticton, BC
Renovations underway for new restaurant - 322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
Close to the lake - 322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
Lot lines are approximate and for reference only - 322 Main Street, Penticton, BC
322 Main Street, Penticton, BC
Parking in back - 322 Main Street, Penticton, BC
Interior 322 Main - 322 Main Street, Penticton, BC
Interior 322 Main - 322 Main Street, Penticton, BC
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MULTIMEDIA

322 Main Street, Penticton, British Columbia, V2A 5C3
$669,900

Property Information:

Seize the opportunity to acquire this ideally located commercial building comprising 322 and 324 Main St., offering an exceptional opportunity for investors seeking passive, long-term returns. Located in the heart of downtown Penticton with significant foot traffic taking advantage of the afternoon sun, the property includes two fully leased units with invested tenants. 324 Main is currently undergoing permitting for a major renovation and upgrades to house a new restaurant. With minimal management required, this asset is a great fit for local or out of town investors looking to either start or add to their commercial real estate portfolio. The City of Penticton continues to invest in its downtown core, further enhancing the long-term growth potential of this building. Take advantage of this opportunity to secure this desirable commercial property with upside and be part of the future of downtown Penticton. (id:27)

Building Features:

  • Style: Retail
  • Building Type: Retail
  • Exterior Finish: Brick, Stucco, Wood
  • Floor Space: 1300 sqft
  • Roof Material: Roof Material
  • Roof Style: Unknown
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Retail
  • Built in: 1955
  • Floor Space (approx): 1300 Square Feet
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 1

Courtesy of: Engel & Volkers South Okanagan

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 322 Main Street, Penticton, British Columbia, V2A 5C3

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: Low

12 storms expected in 2050

Projected Heat Risk: Moderate

27 hot days expected in 2050

49/100

Moderate

ClimateCheck®

Current data

This property, 322 Main Street , experiences 7 hot days per year at around 33.1 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 36.9 degrees Celsius.

Projected Avg. Temperature

Past
33.1℃
2050
36.9℃

# Hot Days Per Year

Past
7
2050
27

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: Low

12 storms expected in 2050

19/100

Low

ClimateCheck®

Current data

This property, 322 Main Street , experiences 11 significant 2-day storms per year, with about 134.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 146.4mm of precipitation per year.

Precipitation Per Storm

Past
134.3mm
2050
146.4mm

48-Hour Storms Per Year

Past
11
2050
12

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 322 Main Street, Penticton, British Columbia, V2A 5C3

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$90,662.44

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.41 %

High school certificate or equivalent

32.6 %

Apprenticeship trade certificate/diploma

9.87 %

College/non-university certificate

24.15 %

University certificate (below bachelor)

0.19 %

University Degree

14.77 %

Commuter

Travel To Work

By Car

71.17 %

By Public Transit

1.92 %

By Walking

21.03 %

By Bicycle

1.99 %

By Other Methods

3.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

64.28 %

Houses

35.72 %

Own Vs. Rent

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