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498 ellis street  penticton, bc

office building for sale, downtown penticton

10 units | 2 storys | 15,254 sqft | 0.17 acres

$2,800,000

MLS®195276

Prominent building in a great location in the heart of the professional district of Penticton. The is fully leased to a major accounting firm, law office, and corporate offices on the main and upper floors. The lower level contains 7 small offices that are also fully leased to a variety of tenants, many of which have been in place for a number of years. The large corner lot measures 100' by 75', for a total of 0.172 acres, while the building has 15,254 square feet of usable space. Phase 1 environmental report available, along with a recent property inspection report. Property is showing a 4.51 cap rate with an assumable mortgage to qualified buyers at 2.95% which is a tremendous advantage as interest rates continue to rise.

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