EXCELLENT INVESTMENT OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just 5 minutes from downtown Osoyoos and steps from the U.S. border. Situated on a 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive blend of stability and upside. Currently generating approximately $3,800 per month from two established tenants, the property operates at an estimated 7.1% cap rate, with the potential to increase to approximately 8%+ through lease-up of the remaining vacant office space. The building features three separate office units, each with its own electrical service, providing flexibility for investors or owner-occupiers. One office is currently vacant, creating an immediate value-add opportunity. Recent improvements include a new roof, while the large basement with extensive shelving offers excellent storage or operational space. With minimal ownership expenses, tenants responsible for their own utilities, proven rental income, and additional revenue potential, this is a compelling commercial investment in one of the South Okanagan's most strategic locations. Call today for more information. (250) 408-8788. (id:4069)
Address
609 Highway 97
List Price
$579,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
British Columbia
Sub-Area
Osoyoos
Floor Area
2,516 Sq. Ft.
Lot Size
0.35 Sq. Ft.
MLS® Number
10380567
Listing Brokerage
Royal LePage Desert Oasis Rlty
| RE/MAX Realty Solutions
Postal Code
V0H1V1
