
























1/2653 Front Street, Penticton, BC V2A1H2
$1.3M total
—
Asset Class
Industrial
Size
—
Building class
C
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
94%
Lot Size
0.06 ac
Clear height
26 ft
Loading docks
2
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 53 Front Street, Penticton.
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.