Business For Sale · Industrial

53 Front Street, Penticton

53 Front Street, Penticton, BC V2A1H2

$1.3M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

94%

Lot Size

0.06 ac

Clear height

26 ft

Loading docks

2

About this property

Premium Turnkey Business & Building in Penticton’s Historic Downtown Core. An exceptional opportunity to acquire both the Melt Mineral Spa business and its commercial building on sought-after Front Street. Just blocks from Okanagan Lake, the beach and boardwalk, this prime location offers excellent street exposure in one of Penticton’s most vibrant boutique shopping and dining districts. An established, award-winning luxury wellness brand, Melt Mineral Spa features a professionally designed interior with a modern retail storefront and reception area, multiple private treatment rooms, infrared sauna installations and a beautifully appointed guest relaxation lounge. The extensive improvements create an inviting environment for clients and a turnkey opportunity for an owner-operator. Surrounded by character architecture, restaurants and independent retailers, the property benefits from seasonal tourism, downtown events and an established local clientele. Nearby public parking adds convenience for guests. Combining an established business with ownership of the real estate, this offering provides the opportunity to control your premises while investing in a desirable downtown location. Flexible commercial zoning offers potential for alternative future uses, subject to municipal approval. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$68K

Annual cash flow

$-792

Cash-on-cash

-0.21%

DSCR

0.99

Going-in cap

5.48%

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

53,400

Households

20,770

Median income

$77,000

Median age

40.1

Daytime population

79,902

5-yr growth

8.7%

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.