MULTI-TENANT VALUE ADD PROPERTY IN DOWNTOWN PENTICTON
304 Martin Street, Penticton, BC V2A 5K4
$3,495,000
For Sale
The Opportunity
Opportunity to acquire a 22,373 square foot, two-story commercial building ideally situated in downtown Penticton. Anchored by a stable mix of government and local tenants, the property also features value-add vacant space—ideal for repositioning, owner occupancy, or lease-up to enhance returns. With efficient building systems, solar panels, and proactive management, the asset benefits from low operating costs. This prime location offers investors and owner occupiers alike the chance to generate strong rental income today while unlocking long-term value through strategic enhancements and appreciation.
Property Details
Address: |
304 Martin Street, Penticton, BC V2A 5K4 |
# of Units: |
11 |
Total Building Size: |
22,373 SF |
Land Area: |
0.344 Acres |
Zoning: |
C5 |
Presented By
Steve Laursen Prec
250.808.8101
stevelaursen@rlkcommercial.com
Meghan Cortese PREC
250.808.6775
meghancortese@rlkcommercial.com
Property Details
| Municipal Address | 304 Martin Street, Penticton BC, V2A 5K4 |
| Purchase Price | $3,495,000.00 |
| Zoning | C5 | Urban Centre Commercial |
| Building Size | 22,373 SQFT |
| Lot Size | 0.344 Acres |
Location Overview
304 Martin Street is centrally located in downtown Penticton at the corner of Martin Street and Nanaimo Avenue, offering excellent visibility and exposure. The property is surrounded by a wide range of amenities including restaurants, cafés, retail, and professional services, all within walking distance. Its downtown position ensures strong pedestrian and vehicular traffic, with convenient access to Highway 97 for regional connectivity. Penticton Airport is also just a short drive away, providing direct service to major hubs. This highly walkable and accessible location makes it well-suited for a variety of commercial uses.
