609 Hwy 97 2,516 SF 90% Leased Office Building Osoyoos, BC V0H 1V1 $579,000 CAD ($230.13 CAD/SF) 7.10% Cap Rate

HIGHWAY FRONTAGE | INCOME PRODUCING | VALUE ADD OPPORTUNITY
Rare opportunity to acquire a highly visible commercial property on Highway 97 in Osoyoos, one of the busiest transportation corridors in the South Okanagan. Located just minutes from downtown Osoyoos and only steps from the U.S. border crossing, this property offers outstanding exposure, easy access, and strong long term investment potential.
Situated on a generous 0.35-acre lot, the property is currently improved with a commercial office building configured into three separate office spaces, each with its own electrical service. This flexible layout allows for multiple tenancy options, owner occupancy, or future reconfiguration to suit a variety of business needs.
The property is currently generating approximately $3,800 per month from two established tenants, providing immediate income from day one. A third office space remains vacant, presenting an excellent opportunity for a new owner to increase revenue and improve overall returns. Based on current income, the property operates at an estimated 7.1% cap rate, with potential to achieve approximately 8%+ upon full occupancy.
One of the most attractive features of this investment is its low operating cost structure. Tenants are responsible for their own utilities, resulting in minimal landlord expenses beyond property taxes. This creates a strong, efficient income stream and a straightforward management profile that appeals to both seasoned investors and first-time commercial buyers.
Recent improvements include a new roof, helping reduce near-term capital expenditure concerns. The property also features a substantial basement area complete with extensive shelving and storage capacity, providing valuable space for records, inventory, equipment, or operational use.
The location offers exceptional visibility and accessibility. Daily traffic along Highway 97 provides constant exposure, while the proximity to the Canada-U.S. border makes the property particularly attractive for customs brokers, logistics companies, transportation-related businesses, professional offices, service providers, and other commercial users seeking a strategic location.
For investors, this property presents a compelling combination of:
Existing rental income
Stable tenant base
Upside through lease-up of the vacant office
Low operating expenses
Strong highway exposure
Flexible office configuration
Future rental growth potential
Affordable entry point into commercial real estate
For owner-occupiers, the vacant office creates the opportunity to operate your business on-site while benefiting from income generated by the existing tenants.
Properties offering highway exposure, existing income, expansion potential, and a price point accessible to both investors and owner-users are becoming increasingly difficult to find in the South Okanagan. Whether you are looking to add to your investment portfolio, establish a business presence in a strategic location, or secure a commercial property with future upside, this opportunity deserves serious consideration.
Contact your REALTOR® today for additional information regarding leases, financials, zoning, and permitted uses.