EXCELLENT INVESTMENT AND BUSINESS OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just five minutes from downtown Osoyoos and steps from the U.S. border. Situated on a spacious 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive combination of established revenue, flexible commercial space, and future growth potential. The property currently generates approximately $3,800 per month from two established tenants, operating at an estimated 7.1% cap rate. Leasing the remaining vacant office space could potentially increase the cap rate to approximately 8% or higher. The building contains three separate office units, each with its own electrical service, providing excellent flexibility for investors, owner-occupiers, or multiple business operations. Open the door to a variety of potential business concepts, including a kennel or pet-care operation, or a secure storage facility catering to long-term travellers, snowbirds, and seasonal residents, subject to applicable zoning and approvals. Recent improvements include a new roof, while the large basement with extensive shelving provides valuable storage, inventory, or operational space. With tenants responsible for their own utilities, minimal ownership expenses, proven rental income, and immediate value-add potential, this is a compelling commercial investment in one of the South Okanagan's most strategic locations. (id:13843)
| MLS # | 10380567 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Days On Site | 214 |
| Listing Provided By | Royal LePage Desert Oasis Rlty | Nik Wagener |
| SQ Feet | 2,516 |
|---|---|
| Acreage | 0.35 |
| Cooling | Central air conditioning |
|---|---|
| Heating | Electric |
| Fireplace Yes / No | No |
| Roof | Asphalt shingle, Unknown |
|---|
| Parking Features | Additional Parking |
|---|
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
| Province | BC |
|---|---|
| City | Osoyoos |
| Postal Code | V0H1V1 |
| Listing VS Median (in V0H1V1) | |
Price: $559,000 low | high Med: $699,000 sqft: 2,516 low | high Med: 2,065 $ / sqft: $222 low | high Med: $340 On site: 214 low | high Med: 89 | |
| Province | BC |
|---|---|
| City | Osoyoos |
| Postal Code | V0H1V1 |
| Listing VS Median (in V0H1V1) | |
Price: $559,000 low | high Med: $699,000 sqft: 2,516 low | high Med: 2,065 $ / sqft: $222 low | high Med: $340 On site: 214 low | high Med: 89 | |