251 Main St - Freestanding FOR SALE


Penticton, BC V2A 5B1
$499,000 CAD
604-202-3771
251 Main St, Penticton, BC for Sale
$499,000 CAD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

251 Main St
Penticton, BC V2A 5B1


HIGHLIGHTS

  • High-profile location in the 200 block of Main Street with significant foot traffic year-round.
  • Steps from Okanagan Lake and surrounded by retail, dining, and hospitality amenities.
  • C5 zoning allowing a wide range of commercial, residential, and short-term rental uses.
  • Opportunity for mixed-use redevelopment combining ground-floor retail with upper-level residential.
  • Strong connectivity to downtown attractions, transit, and community events.
  • Historic two-story structure offering adaptive reuse potential in a vibrant setting.

OVERVIEW

Prime downtown Penticton commercial opportunity in the 200 block of Main Street—offering high visibility, strong pedestrian exposure, and just 2 blocks to Okanagan Lake. Located in a vibrant area with consistent foot traffic from the Penticton Farmers’ Market, festivals, and year-round downtown events, this property is ideal for investors, developers, or owner-operators. This approx 3,000 sq ft commercial/retail building sits within flexible C5 zoning, allowing for a wide range of uses including residential units, tourist accommodations, brewery/distillery, restaurant, retail, health services, short-term rental, and more. The zoning supports mixed-use development, providing excellent holding income and future redevelopment potential in one of Penticton’s most active corridors. The building has a rich local history, previously operating as a hotel, hardware store, and electronics shop, and is ready for updates to suit its next use. Ideal for those looking to renovate, reposition, or redevelop in a high-demand location. Surrounded by shops, restaurants, beaches, and amenities, this is a rare opportunity to secure a Main Street asset in a growing market. Sold “as is, where is.”

FOR SALE DETAILS

PRICE

$499,000 CAD

PRICE/SF

$166 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C5 zoning

APN/PARCEL ID

012-452-998

ASK ABOUT THIS PROPERTY

Jonathan WallEngel & VölkersMore Info
604-202-3771

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Jonathan WallEngel & VölkersMore Info
604-202-3771

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.