260 Okanagan Avenue E, Penticton, BC V2A 3J7

$3,795,000

bedrooms

bathrooms

square feet

Acreage

0.68

Open Houses

year built

1960

Full Baths

Half Baths

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Presenting a prime investment opportunity with a mixed-use industrial building offering approximately 33,784 square feet of space on a .678-acre lot, ideally located at the corner of Okanagan and Camrose Avenue in Penticton BC, just a few blocks from Main Street. This versatile property is currently utilized for self-storage, space rentals, and warehouse purposes, providing multiple revenue streams under one roof. The current tenant, who has already invested over $1,174,000 in building improvements since 2021—including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and more—has expressed readiness to sign a long-term, 10-year triple net lease. This setup offers a stable, hands-off income opportunity with minimal management responsibility, backed by a reliable, committed tenant. The proposed lease rate offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio.

Location
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County	-
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 10340022

Listing agent: Jonathan Wall

Listing broker: Engel & Völkers South Okanagan (778) 622-3446

Last update: Tuesday, April 8 2025 at 11:27 a.m. EDT

Kotohomes National