EXCELLENT INVESTMENT AND BUSINESS OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just five minutes from downtown Osoyoos and steps from the U.S. border. Situated on a spacious 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive combination of established revenue, flexible commercial space, and future growth potential. The property currently generates approximately $3,800 per month from two established tenants, operating at an estimated 7.1% cap rate. Leasing the remaining vacant office space could potentially increase the cap rate to approximately 8% or higher. The building contains three separate office units, each with its own electrical service, providing excellent flexibility for investors, owner-occupiers, or multiple business operations. Open the door to a variety of potential business concepts, including a kennel or pet-care operation, or a secure storage facility catering to long-term travellers, snowbirds, and seasonal residents, subject to applicable zoning and approvals. Recent improvements include a new roof, while the large basement with extensive shelving provides valuable storage, inventory, or operational space. With tenants responsible for their own utilities, minimal ownership expenses, proven rental income, and immediate value-add potential, this is a compelling commercial investment in one of the South Okanagan’s most strategic locations. (id:4069)
Address
609 Highway 97
List Price
$559,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
British Columbia
Sub-Area
Osoyoos
Floor Area
2,516 Sq. Ft.
Lot Size
0.35 Sq. Ft.
MLS® Number
10380567
Listing Brokerage
Royal LePage Desert Oasis Rlty
| RE/MAX Realty Solutions
Postal Code
V0H1V1
Heat Source
Electric
Cooling Features
Central air conditioning
Water Source
Municipal water
Sewer
Municipal sewage system
