596 Martin Street, Penticton | $624,900

Offered for the first time in decades, 596 Martin Street presents a rare opportunity to acquire a prime property in the heart of downtown Penticton. This corner lot at Martin Street and White Avenue allows 100% site coverage and features C5 zoning, making it ideal for a mixed-use development. The highest and best use of the property includes a commercial space on the ground floor with apartments above. The building is a well-maintained, solid cinder block structure with outstanding street exposure. Parking is conveniently available at both the front and rear of the property. Currently, the property has fantastic tenants occupying three separate office spaces, providing reliable revenue streams. Please allow 24+ hours' notice for showings.

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Description

Offered for the first time in decades, 596 Martin Street presents a rare opportunity to acquire a prime property in the heart of downtown Penticton. This corner lot at Martin Street and White Avenue allows 100% site coverage and features C5 zoning, making it ideal for a mixed-use development. The highest and best use of the property includes a commercial space on the ground floor with apartments above. The building is a well-maintained, solid cinder block structure with outstanding street exposure. Parking is conveniently available at both the front and rear of the property. Currently, the property has fantastic tenants occupying three separate office spaces, providing reliable revenue streams. Please allow 24+ hours' notice for showings.

General Info

MLS Listing ID: 10330078 Bedrooms: 0 Bathrooms: 0 Year Built: 1965
Parking: N/A Heating: Forced air Lotsize: 0.09 ac|under 1 acre Air Conditioning : Central air conditioning

Amenities/Features

  • Level lot
  • Corner Site

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .