FlatKey Realty Ltd. · Licensed B.C. real estate brokerage · Tom Majek Personal Real Estate Corporation, Managing Broker
$829,000

6239 MAIN Street, Oliver V0H1T0

8,000 Sq Ft Built 1924
Detached
Listed by: RE/MAX Wine Capital Realty.
Data provided by CREA's Data Distribution Facility.
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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:66934)

Location

Approximate location supplied by the listing data provider.

Features

Structure: Residential Commercial Mix
Annual Taxes: $11,598
Lot Size: 0.14

Property Details

Property Type Detached
Sub Type Other
Living Area 8,000 sq ft
Lot Size 0 sq ft
Year Built 1924
Days on Market 192
Listing ID 10374916

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