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$ 829,000
Est. payment | /mo
8,000 SqFt
$ 829,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 8000
Square Footage 8,000 sqft
Price per Sqft $103
Subdivision Oliver
MLS® Listing ID 10374916
Year Built 1924
Lot Size 6,098 Sqft
Acres 0.14
Property 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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air, See remarks
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Listed by RE/MAX Wine Capital Realty
Nearby Locations
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