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For Sale · Retail

2424 Main Street Unit# 2, West Kelowna

2424 Main Street Unit# 2, West Kelowna, BC V4T1P6

$199,000 total

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Asset Class

Retail

Size

—

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

96%

About this property

Prime West Kelowna Restaurant Business Opportunity Pandanus Restaurant has successfully operated at this premier venue since 2022. Situated in a high-visibility corner location on Main Road in West Kelowna, this 60–80 seat restaurant features ample side-street parking and an exceptionally rare feature in the Okanagan: a fully equipped industrial kitchen with two 7-foot commercial hoods (14 feet total). Operating currently for dinner service only, the business generated nearly $600,000 in gross revenue in 2025. Significant growth potential remains untapped—the existing patio space can seat an additional 20–24 guests for summer revenue, and incoming foot traffic will be boosted by a new nearby school and multiple surrounding condo developments. A new owner can immediately increase revenue by introducing lunch hours and expanding daytime service. Brand name rights can be included under specific terms and conditions, or buyers may bring their own concept to this versatile space. Selling as the owners are expanding to a new location in Kelowna. A Non-Disclosure Agreement (NDA) is required prior to releasing financial records and confidential details. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$919

Projected NOI

$13K

Annual cash flow

$2K

Cash-on-cash

3.31%

DSCR

1.18

Going-in cap

6.53%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

90,733

Households

40,229

Median income

$97,000

Median age

31.4

Daytime population

129,827

5-yr growth

4.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2424 Main Street Unit# 2, West Kelowna.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.