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Penticton industrial property achieves list price on sale

Strategic site offers prime redevelopment opportunities
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.

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