626 Martin Street

Price$ 499,000 | | CityPenticton

Amazing small office building with parking for at least 4 vehicles, or as a development opportunity in the heart of downtown. There are 4 offices, a large lobby and room to add a 5th office in the waiting area if you need it. The building is in great shape and has a large parking area off the alley. This C5 zoned property is the best downtown zoning you can get allowing for a varied mix of uses. On the development side, it allows for 100% site coverage and is the ideal downtown zoning for a mixed use building. Plans are in place for a 12 unit apartment block with 7 parking stalls and 2 staircases plus an elevator. New zoning and provincial rule changes allow for a building to be built with only one staircase and no requirement for parking — increasing the density to 20 units. (id:64460)

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Property Specifications
Full Address:
626 MARTIN Street, Penticton, British Columbia
Price:
$ 499,000
MLS Number:
10329758
List Date:
December 6th, 2024
Neighbourhood:
Main North
Square Footage:
976 sq.ft.
Lot Size:
0.11 ac
Year Built:
1940
Taxes:
$ 6,668
Interior Features
Heating:
Forced air, See remarks
Building Features
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Wood
Garage:
Rear, Street
Parking/Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 6,668
Floors
Finished Area:
976 sq.ft.
Land
Lot Size:
0.11 ac
Neighbourhood Features
Amenities Nearby:
High Traffic Area
Ratings
Location
Neighbourhood Details
REALTOR® Details
Agent: Philip Fox Office: RE/MAX Penticton Realty Data provided by: Association of Interior REALTORS®

About the Area

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