RARE PEACHLAND INVESTMENT PROPERTY ON OKANAGAN LAKE
5834 &5836 BEACH AVENUE | PEACHLAND BC
$2,500,000
For Sale
The Opportunity
RLK Commercial presents a rare opportunity to purchase a prime lakeside commercial property located on the bustling Peachland downtown strip. Situated on Beach Avenue, just steps away from the shores of Lake Okanagan, this strata-titled building boasts a high foot traffic location and exceptional visibility. Across from the Peachland Heritage Park and Pier, this property is ideally positioned for maximum exposure to visitors and locals alike.
With exceptional potential for redevelopment, the 0.14-acre property currently consists of five month-to-month leased retail units totalling 4,710 square feet. Whether you’re seeking a long-term investment or a redevelopment project, this property offers flexibility and potential for ground-level commercial/retail space and up to two storeys of multi-family above.
Investment Highlights
- Exceptional potential for redevelopment with ground-level commercial/retail space and up to 2 storeys of multi-family above
- Consists of five retail units leased with month-to-month leases in place
- Steps away from the lakeshore fronting the Peachland Marina
Property Details
Property Type: |
COMMERCIAL |
Address: |
5834 &5836 BEACH AVENUE | PEACHLAND BC |
# of Units: |
5 |
Total Building Size: |
4,710 SF |
Year Built: |
1977 |
Zoning: |
C2 | CORE COMMERCIAL |
Possession: |
IMMEDIATE |
Presented By
JOEY STENSLAND
250.470.7234
joeystensland@rlkcommercial.com
STEVE LAURSEN
250.808.8101
stevelaursen@rlkcommercial.com
Property Details
STRATA LOT 1
| MUNICIPAL ADDRESS | 5836 Beach Avenue, Peachland BC |
| YEAR BUILT | 1977 |
| BUILDING SIZE | 1,950 SF |
| PID | 018 – 040 – 161 |
| LEGAL DESCRIPTION | Strata Lot 1 District Lot 490 Osoyoos Division of Yal District Strata Plan KAS1165 |
| ZONING | C2 | Core Commercial |
STRATA LOT 2
| MUNICIPAL ADDRESS | 5834 Beach Avenue, Peachland BC |
| YEAR BUILT | 1977 (Unit 4405 extension built in 1993 |
| BUILDING SIZE | 2,760 SF |
| PID | 018 – 040 – 152 |
| LEGAL DESCRIPTION | Strata Lot 2 District Lot 490 Osoyoos Division of Yal District Strata Plan KAS1165 |
| ZONING | C2 | Core Commercial |
TOTAL SITE SIZE 0.14 Acres | 6,098 SF
Building Details
| FOUNDATION | Concrete perimeter foundation walls and concrete slab on grade floor |
| EXTENSION | An extension of the property was built in 1993 known as Unit 4405 |
| ROOF | Original building consists of torch-down roofing – Unit 4405 extension consists of tar and gravel roofing |
| HVAC | Four packages rooftop units |
| NATURAL GAS | Building has natural gas service connection |
| EASEMENT | 12-Foot easement is situated diagonally at the corner of Unit 4405 of the property |
| INTERIOR FINISH | T-Bar ceiling throughout the majority of the units – Unit 4405 consists of an open-concept ceiling |
| ELECTRICAL | 3 Phase 400 AMP 230V |
Please contact the listing agents for more information regarding the property easement and interior finishing for each individual unit.
Unit Details
| ADDRESS / UNIT | LEASABLE AREA | LEASE STATUS |
| 5836 Beach Avenue | 1,950 SF | LEASED | Month-to-Month Contract |
| 5834 Beach Avenue | 762 SF | LEASED | Month-to-Month Contract |
| 4401 2nd Street | 560 SF | LEASED | Month-to-Month Contract |
| 4403 2nd Street | 560 SF | LEASED | Month-to-Month Contract |
| 4405 2nd Street | 778 SF | LEASED | Month-to-Month Contract |
Location Overview
Located between Penticton and West Kelowna, Peachland is a charming town situated on a steep sidehill with limited available land. 5834-5836 Beach Avenue is just steps away from the lakeshore and boat dock, offering stunning views and a serene atmosphere. With an anticipated increase in densification and growth along Beach Avenue, this area presents an advantageous investment opportunity.
