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For Sale · Industrial

53 Front Street, Penticton

53 Front Street, Penticton, BC V2A1H2

$999,900 total

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

87%

Clear height

20 ft

Loading docks

9

About this property

Premium Commercial Building in Penticton’s Historic Downtown Core. An exceptional opportunity to acquire a premium commercial building on sought-after Front Street, just blocks from Okanagan Lake, the beach and boardwalk. Positioned in one of Penticton’s most vibrant boutique shopping and dining districts, this property offers excellent street exposure, pedestrian traffic and convenient access to public parking. Tenanted by Melt Mineral Spa, an established, award-winning luxury wellness brand, the building features extensive professional improvements. The beautifully appointed interior includes a modern retail storefront and reception area, multiple private treatment rooms, infrared sauna installations and a dedicated guest relaxation lounge. Surrounded by character architecture, independent retailers and popular restaurants, this location benefits from seasonal tourism, downtown events and a loyal year-round local clientele. The established tenancy and specialized improvements present an attractive commercial investment opportunity. Flexible downtown commercial zoning provides potential for a range of future uses, subject to municipal approval. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1000K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$42K

Annual cash flow

$-13K

Cash-on-cash

-4.34%

DSCR

0.76

Going-in cap

4.24%

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

139,612

Households

52,874

Median income

$84,500

Median age

44.7

Daytime population

134,500

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 53 Front Street, Penticton.

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.