An income-producing commercial building has sold in Kelowna for $2.37 million, HM Commercial group tells Western Investor.
The two-storey building is recently renovated, offering 8,184 square feet of leasable area. The property is rented to many diverse tenants, save for a single, vacant 1,500-square-foot space on the 2nd floor. The building has a net operating income of $133,819 per year.
The property is located at 1456 St. Paul St., Kelowna, just minutes from Lake Okanagan.
Breakdown:
Price: $2,375,000
Property Size: 8,184 SF
Property Type: Office
Zoning: C7
2017 B.C. Assessment Value: $1,779,000
City: Kelowna
Province: B.C.
Name of Brokerage: HM Commercial Group – Macdonald Realty Kelowna
Do you have a Done Deal you'd like to promote? Submit here for a free posting!
