626 MARTIN Street, Penticton626 MARTIN Street, Penticton — photo 2626 MARTIN Street, Penticton — photo 3626 MARTIN Street, Penticton — photo 4626 MARTIN Street, Penticton — photo 5626 MARTIN Street, Penticton — photo 6626 MARTIN Street, Penticton — photo 7626 MARTIN Street, Penticton — photo 8626 MARTIN Street, Penticton — photo 9626 MARTIN Street, Penticton — photo 10626 MARTIN Street, Penticton — photo 11626 MARTIN Street, Penticton — photo 12626 MARTIN Street, Penticton — photo 13626 MARTIN Street, Penticton — photo 14626 MARTIN Street, Penticton — photo 15626 MARTIN Street, Penticton — photo 16626 MARTIN Street, Penticton — photo 17626 MARTIN Street, Penticton — photo 18626 MARTIN Street, Penticton — photo 19626 MARTIN Street, Penticton — photo 20626 MARTIN Street, Penticton — photo 21
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For Sale · Office

626 MARTIN Street, Penticton

626 MARTIN Street, Penticton, BC V2A5L6

$469,000 total

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

89%

Lot Size

0.11 ac

About this property

Amazing small office building with parking for at least 4 vehicles, or as a development opportunity in the heart of downtown. There are 4 offices, a large lobby and room to add a 5th office in the waiting area if you need it. The building is in great shape and has a large parking area off the alley. This C5 zoned property is the best downtown zoning you can get allowing for a varied mix of uses. On the development side, it allows for 100% site coverage and is the ideal downtown zoning for a mixed use building. Plans are in place for a 12 unit apartment block with 7 parking stalls and 2 staircases plus an elevator. New zoning and provincial rule changes allow for a building to be built with only one staircase and no requirement for parking -- increasing the density to 20 units (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$469K
Down payment30% · $141K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$27K

Annual cash flow

$930

Cash-on-cash

0.66%

DSCR

1.04

Going-in cap

5.74%

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

87,591

Households

33,127

Median income

$85,000

Median age

40.3

Daytime population

104,893

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 626 MARTIN 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.