575 Page Avenue

Price$ 18,600,000 | | CityPenticton

Exceptional opportunity to acquire a prominently positioned commercial asset with frontage along both Okanagan Avenue and Camrose Street. This well-located building has benefited from extensive capital improvements over the past four years, with reported renovations totaling approximately $1.2 million, substantially enhancing functionality, efficiency, and long-term durability. The property offers 33,784 square feet of gross leasable area on a flat 0.68-acre parcel and is zoned M1 (Mixed Urban Centre Commercial), accommodating a broad range of commercial and light industrial uses. A diverse tenant mix provides multiple income streams, contributing to a balanced and resilient investment profile. Additional features include 18 on-site parking stalls, an elevator, and fully accessible washrooms, ensuring tenant convenience and regulatory compliance. A recent appraisal is on file, and the 2026 BC Assessed Value is $4,257,000, offering meaningful context relative to the current offering. With substantial capital improvements already completed and strong corner exposure in a highly visible location, this property represents a compelling turnkey investment opportunity with both income stability and longer-term upside potential. (id:64460)

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Property Specifications
Full Address:
575 PAGE Avenue, Penticton, British Columbia
Price:
$ 18,600,000
MLS Number:
10349122
List Date:
May 23rd, 2025
Neighbourhood:
Main North
Square Footage:
74000 sq.ft.
Lot Size:
10.03 ac
Taxes:
$ 118,175
Interior Features
Air Conditioning:
See Remarks
Heating:
See remarks
Building Features
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Metal, Other, Unknown
Exterior:
Other
Ownership Type:
Freehold
Taxes:
$ 118,175
Floors
Finished Area:
74000 sq.ft.
Land
Lot Size:
10.03 ac
Current Use:
Industrial
Neighbourhood Features
Ratings
Location
Neighbourhood Details
REALTOR® Details
Agent: Steve Thompson Office: Chamberlain Property Group Data provided by: Association of Interior REALTORS®

About the Area

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