This high profile site comprised of 3 older motels on 3 separate legal lots totaling 3.11 acres. Located directly opposite the Walmart Super Centre Mall, on Skaha Lake Road, Penticton. The 3 motels have a total of 57 units which are all rented on a monthly basis with onsite property manager. The properties have received preliminary zoning approval to accommodate 282 residential units and 29,000 sq/ft of commercial in 3 high rise towers. Alternate uses would be mixed commercial to accommodate larger retail outlets, automotive dealerships, restaurants, or office use. The 3 motels generate over $478,000 annually, with a net income exceeding $235,000 and are professionally managed by a full time onsite caretaker. Please contact Listing Representative for information package and to set up a private view.

About #2730 2784-2842 Skaha Lake Road, Penticton, V2A 6G1

Directions:2720, 2784 & 2824 Skaha Lake Rd

 

Financial Information

  • Native Reserve Land : N
  • Realtor Ownership : N
  • Title Held : Freehold
  • Court Ordered Sale : N
  • Trades : Y
  • Taxes : 21740
  • Tax Assessment Status : Assessed
  • Legal Description : Lot A Plan 27251 Lot 2 & 3 Plan 21548 District Lot 116 SDYD except Plan KAP92307

Property Features

  • # Units : 57
  • Bylaws Available : N
  • Classification - Commercial : 12+ units other
  • Construction : Frame - Wood
  • Elevators : No Elevators
  • Equipment Included : Air Conditioning
  • Exterior Finish : Mixed
  • Financial Statements Available From : Listing Broker
  • Flat Site
  • Flooring : Flooring Mixed
  • Fuel : Mixed
  • Heating : Radiators (Steam/Water)
  • Information Package Available : Y
  • Major Area : Outside Board Area
  • Neighbourhood / Area : Penticton
  • PID Number : 004-459-644
  • Predominant Use : Residential
  • Roof : Asphalt/Fibreglass Shingles
  • Sewage Disposal : Sewer
  • Signs/Canopies : Owned and Included
  • Site and Occupancy : Central Location' Flat Site' High Traffic Area 'hopping Nearby
  • Stories : 2
  • Storm Drainage : Connected
  • Sub-Area :IB - Interior B.C.
  • Transaction Type : For Sale
  • View : City View
  • Water Supply : Municipal
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