#2730 2784-2842 Skaha Lake Road

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