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Held in the family for over 50 years, these two commercial buildings situated on Main Street in downtown Summerland are being sold as a package! This investment opportunity consists of four retail/service leases with the current gross revenue of $87,480 (plus GST) on an annual basis and excellent tenants in place that would like to do business for the long term. Approximately 65 feet of prime Main Street frontage and zoning that allows for multiple uses including residential above for future re-development. Phase 1 Environmental Report has been completed. The Seller may carry financing, see the listing agent for more information.
Highlights
- Two commercial buildings are sold as a package, with four retail and service leases in place, per the listing.
- Current gross revenue is listed at $87,480 plus GST annually, per the listing.
- About 65 feet of Main Street frontage, with zoning that allows multiple uses including residential above.
- A Phase 1 Environmental Report has been completed, per the listing.
- Town centre is 240 m away and Okanagan Lake is 2.2 km away, straight-line.
Things to check
- Ask for copies of the four leases, including terms, renewal options and rent payment history.
- Ask for the Phase 1 Environmental Report and review it with your advisor.
- The seller may carry financing. Ask the listing agent for the terms.
- Penticton Regional Hospital is 15.2 km away, straight-line. Ask about the route for emergency care.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Overall neighbourhood score 8.4 / 10; walk & bike score 7.8 / 10, from how close the nearest school, park or trail, rec centre and town centre are. Scores and distances are Sean Phillips’s own straight-line measures from this home to public B.C. map data. They are not part of the MLS® listing; driving distances are longer, so please check anything that matters to you.
- Price
- $949,900
- MLS® number
- 10396945
- Property type
- Commercial
- Living area
- 7,408 sq ft
- Lot size
- 0.18 acres
- Frontage
- 65 feet
- Parking spaces
- 4
- Community
- Main Town, Summerland
- Heating
- Forced air, Electric
- Cooling
- Central air conditioning
- Parking
- Rear
- Roof
- Metal
- Exterior
- Stucco
- Foundation
- Stone, Preserved Wood
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Utilities
- Water, Sewer, Natural Gas, Electricity
- Parking details
- 4 spaces in total · Rear
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Listing information is provided by Parker Real Estate through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.