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:58301)
| MLS® Number | 10374916 |
| Property Type | Other |
| Neigbourhood | Oliver |
| Community Features | High Traffic Area |
| Constructed Date | 1924 |
| Heating Type | Forced Air, See Remarks |
| Size Interior | 8,000 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | No |
| Current Use | Mixed Use |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.14 |
| Size Total | 0.14 Ac|under 1 Acre |
| Size Total Text | 0.14 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/29325616/6239-main-street-oliver-oliver
Contact us for more information
Jb Bansoota
Personal Real Estate Corporation
(250) 498-6500
(250) 498-6504
Veerinder Sidhu
Personal Real Estate Corporation
(250) 498-6500
(250) 498-6504
Hammy Bassi
(250) 498-6500
(250) 498-6504
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