626 MARTIN Street, Penticton

2024-12-06
 

Quick Summary

Location
626 MARTIN Street, Penticton, British Columbia V2A5L6
Price
$499,000 CAD
Status:
For Sale
Property Type:
Office
Area:
976 sqft
Year of Construction:
1940
Video Link:

MLS®#10329758

Property Description

Amazing small office building with parking for at least 4 vehicles, or as a development opportunity in the heart of downtown. There are 4 offices, a large lobby and room to add a 5th office in the waiting area if you need it. The building is in great shape and has a large parking area off the alley. This C5 zoned property is the best downtown zoning you can get allowing for a varied mix of uses. On the development side, it allows for 100% site coverage and is the ideal downtown zoning for a mixed use building. Plans are in place for a 12 unit apartment block with 7 parking stalls and 2 staircases plus an elevator. New zoning and provincial rule changes allow for a building to be built with only one staircase and no requirement for parking -- increasing the density to 20 units. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Schools, Shopping

Building

  • Exterior Finish: Wood
  • Fireplace: No
  • Interior Size: 976 sqft
  • Building Type: Offices
  • Utility Water: Municipal water

Features

  • Feature: Level lot

Land

  • Land Size: 0.11 ac|under 1 acre
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Information entered by RE/MAX Penticton Realty
Listing information last updated on: 2025-11-12 20:12:03


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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