$2,499,000
1413 Main Street
Penticton, BC
About this property
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:66946)
Listing courtesy of Coldwell Banker Horizon Realty. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.