Property for sale in Oliver, British Columbia. Listed at $829,000.
8000 sq ft · Built in 1924
MLS® 29325616
Exceptional investment opportunity on busy Highway 97 in Oliver, offering high visibility and stable income. This well-maintained commercial building features a diverse mix of office and retail tenants, with three anchor tenants occupying over 80% of the rentable space, providing long-term stability. The building also includes six smaller offices, catering to a range of professional and service-based users. The property offers 8,000 sq ft of total building area, with approximately 6,800 sq ft of leasable space, making it an efficient and income-generating asset. Numerous upgrades have been completed over the past 20 years, ensuring solid infrastructure and reduced maintenance requirements for years to come. This fully tenanted building generates an attractive 8% plus capitalization rate, ideal for investors seeking a strong return in a growing South Okanagan market. (id:27495)
Listing courtesy of RE/MAX Wine Capital Realty · JB Bansoota
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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