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$ 579,000
Est. payment /mo
Price Dropped by $20K
609 Highway 97 Osoyoos, BC V0H1V1
2,516 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2516
Square Footage 2,516 sqft
Price per Sqft $230
Subdivision Osoyoos
MLS® Listing ID 10380567
Lot Size 0.350 Acres
Acres 0.35
Property Description
EXCELLENT INVESTMENT OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just 5 minutes from downtown Osoyoos and steps from the U.S. border. Situated on a 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive blend of stability and upside. Currently generating approximately $3,800 per month from two established tenants, the property operates at an estimated 7.1% cap rate, with the potential to increase to approximately 8%+ through lease-up of the remaining vacant office space. The building features three separate office units, each with its own electrical service, providing flexibility for investors or owner-occupiers. One office is currently vacant, creating an immediate value-add opportunity. Recent improvements include a new roof, while the large basement with extensive shelving offers excellent storage or operational space. With minimal ownership expenses, tenants responsible for their own utilities, proven rental income, and additional revenue potential, this is a compelling commercial investment in one of the South Okanagan's most strategic locations. Call today for more information. (250) 408-8788. (id:24570)
Location
State BC
Rooms
Kitchen 0.0
Interior
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Roof Type Unknown
Attached Garage No
Garage Yes
Private Pool No
Building
Sewer Municipal sewage system
Listed by Royal LePage Desert Oasis Rlty
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