Commercial Properties for Sale in Penticton

Penticton Hospitality for Sale

This premier boutique all suite room motel and Nordic Spa represents a rare investment and lifestyle opportunity with direct proximity to Skaha Lake’s popular beachfront. Located at 4201 Skaha Lake Road in Penticton, the property offers convenient guest underpass access to Barefoot's private beach, positioning it as a turnkey operation in one of the Okanagan Valley’s most desirable tourist and recreational destinations. The improvements consist of 16 well-appointed guest suites plus managers suite, many featuring full kitchens, modern appliances, premium bedding, and private balconies or patios, alongside a Nordic Spa component that enhances the guest experience with wellness amenities. The listing price reflects a competitive and well-supported offering that delivers an attractive going-in cap rate in the mid-to-upper 8% range (based on current stabilized NOI performance), which is compelling relative to broader Okanagan and BC motel/hospitality benchmarks. This provides investors with solid cash-on-cash returns alongside meaningful upside from further operational efficiencies, spa expansion, or repositioning in a market where quality lakeside product remains scarce.

Property Subtype:

Hotel

Date on Market:

2026-06-18

Penticton Industrial for Sale

This mixed-use, income-generating property is now available for acquisition in the established industrial area of Penticton. The property spans 10,392 sq. ft. on a fully fenced 0.5-acre parcel, delivering a rare combination of commercial, office, residential, and secure storage functionality under a single asset. It is offered at a competitive 6.5%+ CAP rate, presenting immediate cash flow with upside potential for investors or owner-operators. Constructed with durable steel and wood framing supported by an insulated concrete foundation, the building is clad in a combination of metal and stucco with a torch-on roof completed in 2019. The asset includes updated systems such as 400 Amp electrical power, HVAC, and copper plumbing. Robust security features ensure peace of mind through key-fob access, video surveillance, and motion sensors. The large fenced yard features 85 self-storage units, plus one oversized 24'x25' unit, complementing the adaptable ground-floor commercial and retail areas. The second level includes partially built-out office space and staff accommodation, allowing for flexible operational use or value-add redevelopment. Located within Penticton’s core industrial precinct, the property benefits from strategic access to regional transport corridors, business services, and surrounding amenities. Property only—business not included in sale.

Date on Market:

2026-06-25

Penticton Specialty for Sale

This premium semi-waterfront commercial strata unit offers an exceptional opportunity in the heart of Penticton’s vibrant tourism district. Positioned directly across from Okanagan Beach, the property delivers superior visibility and high pedestrian traffic, making it a compelling asset for both investors and owner-users. Spanning 3,407 SF on the main floor of retail space. C3 Mixed Commercial zoning supports a diverse range of uses, including retail, hospitality, service, and professional offices. The property also offers rare expansion potential with the opportunity to acquire the remaining strata units in the building, creating options for full-building control and strategic consolidation.

Property Subtype:

Residential Income

Date on Market:

2026-06-25

Penticton Retail for Sale

Rare opportunity to acquire a DP-ready multifamily development site in the heart of Penticton's downtown core. Situated on a highly visible corner lot with direct frontage on Westminster Ave W, one of Penticton's primary arterial corridors, this 0.311-acre site offers immediate proximity to Okanagan Lake, Main Street dining and retail, and the South Okanagan Events Centre. All development permit work is complete with entitlements secured and a full architectural drawing package prepared. The approved design calls for a 6-storey, 36-unit marketing apartment building totaling 44,665 SF of net floor area with units averaging 1,100 SF. Existing structures on site provide immediate cash flow to offset carrying costs through the pre-development period. Penticton continues to experience strong population growth and sustained demand for quality multifamily housing, with the municipality actively supporting increased residential density through expedited approvals and transit-oriented development initiatives. Full DP drawing package, financial proforma, and due diligence material available in the data room upon execution of a confidentiality agreement - contact the listing agents for access.

Date on Market:

2026-05-12

Penticton Portfolio of properties for Sale

Property Subtype:

Multi Family

Date on Market:

2026-05-07

Penticton Portfolio of properties for Sale

Exceptional opportunity to purchase a ±0.95 acres development site suitable for condominiums or purpose built rental apartments. Current zoning: P1. The Property is offered in its current zoning. The Seller will consider offers conditional upon the Buyer obtaining rezoning to C5 (Urban Centre Commercial). C5 zoning allows gross FAR of up to 6.0, providing meaningful density potential. Dual site access via Martin Street and Winnipeg Street. No minimum parking requirements under C5 zoning, enhancing developable efficiency and project economics. Ground-floor commercial required, with residential permitted above, aligning with modern mixed-use urban development trends. List price equates to ~$110/SF of land. Occupancy required through end of 2026; flexible closing/leaseback options available. CMHC-reported Penticton rental vacancy rate of approximately 2.6%, underscoring strong rental demand fundamentals.

Date on Market:

2026-03-02

Penticton Land for Sale

Presenting a rare and exciting opportunity to acquire two adjacent properties in the heart of Penticton, BC. Zoned C5 (156 Westminster Ave W) and C8 (188 Westminster Ave W), these properties offer incredible flexibility and potential for a variety of development or business ventures. Situated in a prime location with high visibility and accessibility, the possibilities for expansion and growth are endless. Don’t miss this chance to bring your vision to life in one of Penticton’s most sought-after areas!

Property Subtype:

Commercial

Date on Market:

2025-10-21

Penticton Sports & Entertainment for Sale

I am pleased to offer this magnificent property overlooking the spectacular Lake Okanagan. An Exceptional Property with a 9 Hole Golf Course and Driving Range. The Golf Club is situated on 46 plus acres. The property is zoned CT3 – Golf Course Commercial. The zoning allows for a dwelling unit and up to ten accommodation units. The property consists of a 9-hole golf course and a driving range and the associated maintenance equipment. This course is often the only one open in the winter season, with great exposure, it is often free of snow!

Property Subtype:

Golf Course/Driving Range

Date on Market:

2025-07-22

Penticton Multifamily for Sale

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Winton Terrace, a well-maintained and beautifully located, 26-unit apartment building in the heart of Penticton. Situated on a 19,000-sf lot, the property benefits from its close proximity to downtown, Okanagan Lake, Okanagan College, and several major thoroughfares. This central location continues to experience consistent rental demand supported by population growth, constrained housing supply, and limited new purpose-built rental construction in the immediate area.

Property Subtype:

Apartment

Date on Market:

2026-06-01