Property
Type, style and structure
- Type
- other
- Style
- other / Mixed Use
+25 more
0.35 ac
Lot
Property Snapshot
Key details for this listing
MLS #10380567
Lot
Land, frontage and setting
- Lot
- 0.35 ac - 0.35
- Neighbourhood
- Osoyoos
Costs
Price, taxes and monthly charges
- List Price
- $559,000
About This Property
This other in Osoyoos offers a 0.35 ac lot. The property has lot dimensions of 0.35. The home features electric heating, central air conditioning.
MLS Remarks
EXCELLENT INVESTMENT AND BUSINESS OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just five minutes from downtown Osoyoos and steps from the U.S. border. Situated on a spacious 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive combination of established revenue, flexible commercial space, and future growth potential. The property currently generates approximately $3,800 per month from two established tenants, operating at an estimated 7.1% cap rate. Leasing the remaining vacant office space could potentially increase the cap rate to approximately 8% or higher. The building contains three separate office units, each with its own electrical service, providing excellent flexibility for investors, owner-occupiers, or multiple business operations. Open the door to a variety of potential business concepts, including a kennel or pet-care operation, or a secure storage facility catering to long-term travellers, snowbirds, and seasonal residents, subject to applicable zoning and approvals. Recent improvements include a new roof, while the large basement with extensive shelving provides valuable storage, inventory, or operational space. With tenants responsible for their own utilities, minimal ownership expenses, proven rental income, and immediate value-add potential, this is a compelling commercial investment in one of the South Okanagan’s most strategic locations. (id:60351)
Full Listing Details
Address609 Highway 97
MLS#10380567
Listing StatusActive
Property TypeOther
TransactionSale
Days on Market212
Parking TypeAdditional Parking
Structure TypeResidential Commercial Mix
StyleMixed Use
Current UseMixed use
Living Area2,516 sqft
CityOsoyoos
NeighbourhoodOsoyoos
ProvinceBritish Columbia
Postal CodeV0H1V1
Lot Size0.35 ac
Lot Dimensions0.35
Parking FeaturesAdditional Parking
HeatingElectric
CoolingCentral air conditioning
RoofAsphalt shingle, Unknown
ExteriorStucco
SewerMunicipal sewage system
Water SourceMunicipal water
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