- ©MLS 10374916
- Area 8000 sq ft
Description
Exceptional investment opportunity on busy Highway 97 in Oliver, offering high visibility and stable income. This well-maintained commercial building features a diverse mix of office and retail tenants, with three anchor tenants occupying over 80% of the rentable space, providing long-term stability. The building also includes six smaller offices, catering to a range of professional and service-based users. The property offers 8,000 sq ft of total building area, with approximately 6,800 sq ft of leasable space, making it an efficient and income-generating asset. Numerous upgrades have been completed over the past 20 years, ensuring solid infrastructure and reduced maintenance requirements for years to come. This fully tenanted building generates an attractive 8% plus capitalization rate, ideal for investors seeking a strong return in a growing South Okanagan market. (id:48970) Show More
Details
- Constructed Date: 1924
- Property Type: Other
- Type: Residential Commercial Mix
- Neighbourhood: Oliver
Features
- High Traffic Area
- Forced air
- See remarks
Location
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Data provided by: Okanagan-Mainline Real Estate Board