About this home
Prime location, downtown Penticton building for sale! Two storey building at the corner of Martin Street and Nanaimo Ave W. This convenient location is close to all downtown amenities, city parking, restaurants, coffee shops, banks, Court House, City Hall, parks and beaches. The property is Zoned C5, the most flexible City of Penticton Commercial zoning. Endless possibilities for both Investors and end-users in this 23,589 sqft building located in Nanaimo Square. The Federal government has been the long-term anchor tenant in the building and has 8,686 sqft of leased space. The second floor has 8 units with 5 units vacant. If you are an end-user there are amazing possibilities to own your own building with great revenue from the existing Tenants. The building has been well maintained and has an extensive solar panel system on the roof. This would be the perfect space for any small business, law office, Doctor’s office, accounting firm, counselling office and many more usages as well. The buildings second floor is serviced with an elevator. Don’t miss this prime opportunity.
Highlights & things to check
Highlights
- Zoned C5 per the listing, described as the most flexible City of Penticton commercial zoning.
- Corner location at Martin Street and Nanaimo Ave W, about 890 m to the town centre and 570 m to Okanagan Lake.
- Federal government is the long-term anchor tenant, with 8,686 sq ft leased per the listing.
- The second floor is served by an elevator, and the roof has an extensive solar panel system.
Things to check
- Ask for current leases and rent roll, since five of the eight second-floor units are listed as vacant.
- Ask whether the solar panels are owned outright or leased, and request any related agreements.
- Confirm with the City of Penticton that your intended business use is permitted under C5 zoning.
- Ask for recent service records on the 1965 building's heating, cooling and roof.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 304 Martin Street
Neighbourhood scores
8.8 / 10Walk & bike score: 7.5 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
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Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Property details
- Price
- $3,249,000
- MLS® number
- 10403050
- Property type
- Single-family home · Residential Commercial Mix · Other
- Ownership
- Freehold
- Living area
- 23,589 sq ft
- Lot size
- 0.34 acres · 0.34
- Year built
- 1965
- Annual taxes
- $41,968
- Community
- Main North, Penticton
Features
- Heating
- See remarks
- Cooling
- Central air conditioning
- Parking
- Surfaced
- Exterior
- Other
- Lot
- Level lot, Corner Site
- Water
- Municipal water
- Sewer
- Municipal sewage system
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Listing information is provided by RE/MAX Penticton Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.