Penticton strip mall sold for $2.84M

The seven-unit retail property sold for above its assessed value

for Western Investor
May 14, 2019

penticton mall
A strip mall in a prime location in Penticton has sold for $2.84 million, the Green Real Estate Group of RE/MAX Penticton Realty reports. 
The 14,000-square-foot strip mall has seven retail units and is located on a 1.2-acre lot. The property has commercial zoning. The site has an assessed value of  $2.56 million and was listed for $3.1 million.
The property is located at 2436 Skaha Lake Rd., Penticton. 


Price: $2,840,000
No. of Units: 7
Price/Unit: $405,715 
Lot Size: 52,620 SF
Property Type: Retail 
Zoning: C3 / C4
2018 B.C. Assessment Value: $2,563,000
City: Penticton 
Province: B.C. 
Name of Brokerage: RE/MAX Penticton Realty 

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