Exclusive Commercial Listing – 1607 Ellis Street, Kelowna

Other - Kelowna BC

Introducing a prime commercial property offering an exceptional investment opportunity! This strategically located 4,040 sq. ft. lot boasts a partial 2-story building, featuring a total of 4,320 sq. ft. of leasable space. With a remarkable 141 ft of prime street frontage on a bustling thoroughfare, this property is positioned for maximum visibility and foot traffic.

The well-maintained building is thoughtfully designed, with 3,490 sq. ft. on the ground floor and an additional 830 sq. ft. on the upper level. Its professional management ensures seamless operations, making it an attractive option for discerning investors.

Currently, the property is home to five thriving tenancies, enhancing its income-generating potential. The esteemed tenants include 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, contributing to a diverse and stable rental portfolio. Recently renovated restaurant, store front and upstairs massage store. 4 New Furnaces, 5 AC units, 1 heat pump, new air in-take for the restaurant.

This commercial gem not only offers a lucrative investment with its multiple revenue streams but also provides a valuable opportunity to capitalize on the growing demand for prime commercial space in a highly sought-after location.

Asking price: $2,999,000