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Penticton industrial property achieves list price on sale

Strategic site offers prime redevelopment opportunities
Robert Mistal, Royal LePage Kelowna, for Western Investor
1704-government-st-penticton
Currently home to approximately 110,000 square feet of industrial space, this prime redevelopment site opposite Penticton General Hospital sold Nov. 29 for $23 million.Venture Realty Corp.

Property type: Industrial/Land

Location: 1704 Government Street, Penticton, B.C.

Property size: 10.83 acres

Zoning: C-4/M-1

BC Assessment value: $10.96 million

List price: $23 million

Sale price: $23 million

Date of sale: November 29, 2023

Brokerage: Venture Realty and Royal LePage Kelowna

Broker: Jason Wills and Lee Levering, Venture Realty; Robert Mistal, Royal LePage Kelowna