+12 more
8,000 sqft
Living Area
0.14 ac
Lot
1924
Year Built
About This Property
This other in Oliver offers 8,000 sqft of living area on a 0.14 ac lot. Built in 1924. The property has lot dimensions of 0.14. The home features forced air, see remarks heating.
MLS Remarks
Exceptional investment opportunity on busy Highway 97 in Oliver, offering high visibility and stable income. This well-maintained commercial building features a diverse mix of office and retail tenants, with three anchor tenants occupying over 80% of the rentable space, providing long-term stability. The building also includes six smaller offices, catering to a range of professional and service-based users. The property offers 8,000 sq ft of total building area, with approximately 6,800 sq ft of leasable space, making it an efficient and income-generating asset. Numerous upgrades have been completed over the past 20 years, ensuring solid infrastructure and reduced maintenance requirements for years to come. This fully tenanted building generates an attractive 8% plus capitalization rate, ideal for investors seeking a strong return in a growing South Okanagan market. (id:60351)
Overview
Property Typeother
Sub-Typeother
Transaction
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