$829,000

6239 MAIN Street, Oliver

Oliver, Oliver, BC V0H1T0

8,000 sq ft · Single-family home

Listed by RE/MAX Wine Capital Realty

About this property

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:67417)

Property details

Price

$829,000

MLS® number

10374916

Property type

Single-family home · Residential Commercial Mix · Other

Living area

8,000 sq ft

Lot size

0.14 acres · 0.14

Year built

1924

Annual taxes

$11,598

Community

Oliver, Oliver

Features

Heating

Forced air, See remarks

Community

High Traffic Area

Water

Municipal water

Sewer

Municipal sewage system

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