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https://www.cirrealty.ca/reb/bc/4/10337444_2.jpg https://www.cirrealty.ca/reb/bc/4/10337444_3.jpg https://www.cirrealty.ca/reb/bc/4/10337444_4.jpg https://www.cirrealty.ca/reb/bc/4/10337444_5.jpg https://www.cirrealty.ca/reb/bc/4/10337444_6.jpg https://www.cirrealty.ca/reb/bc/4/10337444_7.jpg

444 & 446 Main Street

MLS® Number:  10337444

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  • 444 & 446 Main Street

$ 700,000

0

BEDROOMS

0 + 0

BATHROOMS

0

SQUARE FEET

1930

YEAR BUILT

https://www.cirrealty.ca/reb/bc/4/10337444_2.jpg

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MLS® Number
10337444
PROPERTY TYPE
LISTING DATE
March-03-2025

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.

COMMUNITY 
PROPERTY TYPE 
BUILDING TYPE 
STYLE 
YEAR BUILT 1930
SQUARE FOOTAGE  0
BEDROOMS  0
BATHROOMS  0
BASEMENT 
AMENITIES 
APPLIANCES 
COOLING 
FIREPLACE  N/A
FLOORING 
HEATING 
LAUNDRY 
LOT FEATURES 
PARKING 
RESTRICTIONS 
ROOF  Unknown
TITLE 
BROKER  Chamberlain Property Group

 

 

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Data supplied by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE MLS® System. CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright [2024] by the REALTORS® Association of Edmonton. All Rights Reserved.