1413 Main Street

Penticton

Prime standalone retail asset located at one of Penticton’s busiest intersections, offering exceptional visibility and access. The property is fully leased to six tenants, providing a diversified and stable income stream. The current NOI reflects a 4.4% cap rate on the list price. Some tenants are currently paying below-market rental rates, presenting a clear opportunity for future income growth. Limited renewal options within the existing leases provide flexibility for an investor to restructure tenancy and enhance long-term value. Additionally, this is an ideal holding property with strong future redevelopment potential. For detailed financial information, please contact the listing agent directly. (id:67540)
Lot Area
0.29 acres
Bedrooms
Bathrooms
Price
2499000

More Information

View:
Lot Features:
Parking:
Common Interest:
Annual Tax:  $
MLS Number:
10382369
Listing Key:
29569015
Agent Key:
1995650