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CABCPenticton686 Martin St
686 Martin St, Home with 0 bedrooms, 0 bathrooms and null parking in Penticton BC | Image 1
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$1,970,000
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686 Martin St, Penticton, BC

Real Estate

For Sale

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  • Key Facts
  • Description
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Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $9,497
Days Active 3
Lot Size 
Approx. Age 
MLS® Number 10363599

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey Development Opportunity in a Thriving Location Located at one of Penticton's Highest Traffic Intersections, this 9, 252 SQFT lot is zoned C5 – Urban Centre Commercial, offering a huge opportunity for development. With a FAR of 6.0, the current zoning allows for up to 55, 512 buildable SQFT. A development permit is already approved for a six-story mixed-use building with 30 residential units and two ground-level retail spaces. The current DP plan includes 20 one-bedroom + den and 10 two-bedroom residential units as well as 2 commercial retail units at street level. Located on the city's main lake-to-lake bike lane, this property is surrounded by popular restaurants, breweries, and shops. Plus, it's just minutes to Okanagan Lake, making it incredibly desirable. With a development permit in place and a great location, this is a fantastic investment for developers and investors looking for a ready-to-go project in a high-demand area. Reach out to The Aitkens Group - Real Broker, for more information. *All boundaries shown are to highlight property location only, all borders are approximate and to be verified by the buyer. (id:58753)Show Description
MLS® Number10363599
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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