For Sale · Retail

1630 Pandosy Street Unit# 101, Kelowna

1630 Pandosy Street Unit# 101, Kelowna, BC V1Y1P7

$818,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

93%

About this property

RARE DOWNTOWN KELOWNA COMMERCIAL OWNERSHIP OPPORTUNITY! Located in the heart of Downtown Kelowna on vibrant Pandosy Street, this exceptional 1,350+ sq. ft. commercial strata unit is situated within a highly desirable, character-rich Worman-built building. Featuring over $500,000 invested in an impressive, professionally designed cocktail lounge buildout, the property offers a unique opportunity for an owner-operator or investor to capitalize on substantial existing improvements. Boasting excellent street exposure, strong pedestrian traffic, and outstanding visibility, the space can be purchased fully furnished and equipped, allowing a new hospitality operator to establish their concept without the significant expense and time required for a complete buildout. Alternatively, the versatile layout and prime downtown location provide excellent potential for a variety of other commercial uses. Whether you're looking to launch a new hospitality concept, establish your own business location, or invest in commercial real estate, this property offers the opportunity to own rather than lease in one of Kelowna's most sought-after downtown locations. PROPERTY SALE ONLY — THE PREVIOUS BUSINESS HAS CLOSED AND IS NOT INCLUDED IN THE SALE. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$818K
Down payment30% · $245K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$45K

Annual cash flow

$-163

Cash-on-cash

-0.07%

DSCR

1.00

Going-in cap

5.52%

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

42,718

Households

18,767

Median income

$76,000

Median age

39.4

Daytime population

66,912

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 1630 Pandosy Street Unit# 101, 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.