Listing Info
Name
Address
609 Highway 97 Other
Legal
Site Size
Sites
Income
$0
Price
$579,000
Status
Active
Description
EXCELLENT INVESTMENT OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just 5 minutes from downtown Osoyoos and steps from the U.S. border. Situated on a 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive blend of stability and upside. Currently generating approximately $3,800 per month from two established tenants, the property operates at an estimated 7.1% cap rate, with the potential to increase to approximately 8%+ through lease-up of the remaining vacant office space. The building features three separate office units, each with its own electrical service, providing flexibility for investors or owner-occupiers. One office is currently vacant, creating an immediate value-add opportunity. Recent improvements include a new roof, while the large basement with extensive shelving offers excellent storage or operational space. With minimal ownership expenses, tenants responsible for their own utilities, proven rental income, and additional revenue potential, this is a compelling commercial investment in one of the South Okanagan's most strategic locations. Call today for more information. (250) 408-8788. (id:6769)
