















1/171630 Pandosy Street Unit# 101, Kelowna, BC V1Y1P7
Price on request
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Asset Class
Retail
Size
—
Building class
A
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
96%
DOWNTOWN KELOWNA | FULLY FURNISHED & EQUIPPED COCKTAIL LOUNGE SPACE | $500K+ IN IMPROVEMENTS: Located in the heart of Downtown Kelowna on vibrant Pandosy Street, this exceptional 1,350+ sq. ft. commercial space is situated within a highly desirable, character-rich Worman-built building. Featuring over $500,000 invested in an impressive, professionally designed cocktail lounge buildout, this beautifully finished space presents an outstanding opportunity for a hospitality operator to launch a new concept without the substantial expense, time, and challenges associated with building from scratch. Boasting excellent street presence, strong pedestrian traffic, and outstanding visibility, the premises feature high-quality finishes, a sophisticated interior, and an inviting atmosphere. All existing furnishings, fixtures, and equipment are included in the lease, offering a rare opportunity for a new operator to establish a cocktail lounge, wine bar, or similar hospitality concept with significantly reduced startup costs. Alternatively, the versatile layout and prime downtown location provide excellent potential for a variety of other permitted commercial uses. Position your business in one of Kelowna's most vibrant downtown locations, surrounded by established restaurants, retail shops, and amenities. THE PREVIOUS BUSINESS HAS CLOSED. THIS IS A PREMISES-ONLY LEASE OPPORTUNITY, NOT THE SALE OR TRANSFER OF AN EXISTING BUSINESS. (id:66811)
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Monthly debt service
$7K
Projected NOI
$84K
Annual cash flow
$775
Cash-on-cash
0.17%
DSCR
1.01
Going-in cap
5.59%
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
65,409
Households
23,843
Median income
$82,500
Median age
41.3
Daytime population
95,370
5-yr growth
1.6%
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.