Turnkey Development Opportunity in a Thriving Location at one of Penticton's Highest Traffic Intersections. This 9,252 SQFT lot is zoned C5 – Urban Centre Commercial, offers a huge opportunity for development. A development permit is already approved for a six-story mixed-use building with 30 residential units and two ground-level retail spaces. The current DP plan includes 20 one-bedroom + den and 10 two-bedroom residential units as well as 2 commercial retail units at street level. Located on the city's main lake-to-lake bike lane, this property is surrounded by popular restaurants, breweries, and shops and just minutes to Okanagan Lake. With a development permit in place and a great location, this is a fantastic investment for developers and investors looking for a ready-to-go project in a high-demand area.