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MLS: 198570

498 ELLIS Street

$2,650,000

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Prominent building in a great location in the heart of the professional district of Penticton. The is fully leased to a major accounting firm, law office, and corporate offices on the main and upper floors. The lower level contains 7 small offices that are also fully leased to a variety of tenants, many of which have been in place for a number of years. The large corner lot measures 100' by 75', for a total of 0.172 acres, while the building has 15,254 square feet of usable space. Phase 1 environmental report available, along with a recent property inspection report. Property is showing a 5.6% cap rate factoring in a 5% vacancy rate, although there has not been any vacancies over the last number of years.




Multi Family < 1 Acre New
Listed by Stephen Janzen
Royal Lepage Locations West

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Overview

  • Price $2,650,000
  • MLS # 198570
  • Age 1960
  • Water Municipal water
  • Sewer Municipal sewage system
  • Listing Agent Stephen Janzen
  • Listing Office Royal Lepage Locations West

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