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52 Front Street, Penticton | $2,895,000

Prime commercial property in an excellent location in one of Penticton's most desirable urban areas. 24-74 Front Street along with 85 Backstreet is situated on approximately .60 acres. The property is fully leased with 7 tenants but also has prime development potential. C5 zoning supports a mix of commercial and residential uses. The main building features approximately 4,400+ sq ft of unleased & unfinished of second & third floor area that could be finished into leasable space. Lots of upside here! 34 parking spaces. This area is currently transitioning with new commercial and residential building. This is an excellent passive income earning property with incredible future development potential. Call for more information.

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Description

Prime commercial property in an excellent location in one of Penticton's most desirable urban areas. 24-74 Front Street along with 85 Backstreet is situated on approximately .60 acres. The property is fully leased with 7 tenants but also has prime development potential. C5 zoning supports a mix of commercial and residential uses. The main building features approximately 4,400+ sq ft of unleased & unfinished of second & third floor area that could be finished into leasable space. Lots of upside here! 34 parking spaces. This area is currently transitioning with new commercial and residential building. This is an excellent passive income earning property with incredible future development potential. Call for more information.

General Info

MLS Listing ID: 10402360 Bedrooms: 0 Bathrooms: 0 Year Built: 1950
Parking: N/A Heating: Forced air, See remarks Lotsize: 0.6 ac|under 1 acre Air Conditioning : Heat Pump

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 .