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251 Main St 3,000 SF Retail Building Penticton, BC V2A 5B1 $353,941 USD ($117.98 USD/SF)



Investment Highlights
- High-profile location in the 200 block of Main Street with significant foot traffic year-round.
- C5 zoning allowing a wide range of commercial, residential, and short-term rental uses.
- Strong connectivity to downtown attractions, transit, and community events.
- Steps from Okanagan Lake and surrounded by retail, dining, and hospitality amenities.
- Opportunity for mixed-use redevelopment combining ground-floor retail with upper-level residential.
- Historic two-story structure offering adaptive reuse potential in a vibrant setting.
Executive Summary
Prime downtown Penticton commercial opportunity in the 200 block of Main Street—offering high visibility, strong pedestrian exposure, and just 2 blocks to Okanagan Lake. Located in a vibrant area with consistent foot traffic from the Penticton Farmers’ Market, festivals, and year-round downtown events, this property is ideal for investors, developers, or owner-operators. This approx 3,000 sq ft commercial/retail building sits within flexible C5 zoning, allowing for a wide range of uses including residential units, tourist accommodations, brewery/distillery, restaurant, retail, health services, short-term rental, and more. The zoning supports mixed-use development, providing excellent holding income and future redevelopment potential in one of Penticton’s most active corridors. The building has a rich local history, previously operating as a hotel, hardware store, and electronics shop, and is ready for updates to suit its next use. Ideal for those looking to renovate, reposition, or redevelop in a high-demand location. Surrounded by shops, restaurants, beaches, and amenities, this is a rare opportunity to secure a Main Street asset in a growing market. Sold “as is, where is.”
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1920
Price
$353,941 USD
Price Per SF
$117.98 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.60 AC
Zoning
C5 zoning - C5 zoning allowing a wide range of commercial, residential, and short-term rental uses.
Frontage
30’ on Main Street
Exceptionally walkable
100/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 8
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251 Main St
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