498 Ellis Street, Penticton, British Columbia V2A4M2

Listing courtesy of Royal Lepage Locations West.

$2,700,000
List Price
$2,700,000
Price Change
▼ $50,000 1670464992
MLS®
195276
Status
ACTIVE
Type
Commercial
Subtype
Office
Lot Size
7,492
Subdivision
Main North

Property Description

Prominent building in a great location in the heart of the professional district of Penticton. The is fully leased to a major accounting firm, law office, and corporate offices on the main and upper floors. The lower level contains 7 small offices that are also fully leased to a variety of tenants, many of which have been in place for a number of years. The large corner lot measures 100' by 75', for a total of 0.172 acres, while the building has 15,254 square feet of usable space. Phase 1 environmental report available, along with a recent property inspection report. Property is showing a 5.89% cap rate with an assumable mortgage to qualified buyers at 2.95% which is a tremendous advantage as interest rates continue to rise. (id:2579)

Additional Information

Ownership
Freehold
Subdivision
Main North
Country
Canada
Sewer
Municipal sewage system
Community Features
High Traffic Area
Heating
Forced air
Lot Size
7,492

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks