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$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%
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)
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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.
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.
Confidential diligence documents for 1630 Pandosy Street Unit# 101, Kelowna.
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.