For Sale · Specialty

441 Main Street, Penticton

441 Main Street, Penticton, BC V2A5C5

$625,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

91%

Year Built

1950

About this property

Prime Downtown Penticton Investment Opportunity Discover an exceptional opportunity to acquire a fully leased commercial property in the heart of downtown Penticton. Located at 441 Main Street, this high-visibility property offers approximately 1,800 square feet on the main floor, plus a finished basement and loft that are not included in the stated square footage. With an established tenant in place and a healthy current capitalization rate, the property provides immediate investment income with potential for further improvement over time. Its prominent Main Street location, strong pedestrian and vehicle exposure, and proximity to downtown businesses, restaurants and amenities make it a compelling addition to any commercial real estate portfolio. Exclusive parking area available in back of building An attractive combination of stable income, additional usable space and long-term upside in one of Penticton’s most desirable commercial locations. (id:66811)

Financial sandbox

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Estimate
Purchase price$625K
Down payment30% · $188K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$1K

Cash-on-cash

0.75%

DSCR

1.04

Going-in cap

5.77%

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

126,295

Households

46,368

Median income

$107,500

Median age

31.3

Daytime population

113,678

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 441 Main 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.