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% capitalization rate, ideal for investors seeking a strong return in a growing South Okanagan market. (id:60329)
MLS® Number | 10353088 |
Property Type | Other |
Neigbourhood | Oliver |
Community Features | High Traffic Area |
Heating Type | Forced Air, See Remarks |
Size Interior | 8,000 Ft2 |
Type | Other |
Utility Water | Municipal Water |
Acreage | No |
Sewer | Municipal Sewage System |
Size Irregular | 0.14 |
Size Total | 0.14 Ac|under 1 Acre |
Size Total Text | 0.14 Ac|under 1 Acre |
Zoning Type | Unknown |
https://www.realtor.ca/real-estate/28502121/6239-main-street-unit-6235-6237-oliver-oliver
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