Commercial

Commercial Real Estate in Penticton

Since 2001, Doug Chapman, has worked on a wide range of commercial listings in the Penticton and greater Okanagan region. From farmland to industrial, commercial to development, Doug is successful identifying the ideal commercial property for his client and executing the deal to their satisfaction. Doug and the rest of Team Chapman continue to provide next level insight and expertise when it comes to finding and purchasing the right commercial property for our clients' needs. In addition to Team Chapman's general expertise concerning commercial real estate deals, we also can provide details about individual neighbourhoods and relevant contacts in the area. This insight is the result of experiencing decades living and working in Penticton and the South Okanagan.

This type of insight cannot be duplicated by anyone else because it comes as a direct result of decades spent living and working in the Penticton community.



Commercial Property Search

The Industrial neighbourhood offers a great selection of affordable homes in all shapes and sizes in close proximity to urban amenities like shopping districts, schools and a local hospital. Whether you are interested in a smaller condo property, or a single family home with some surrounding acres of land, Industrial features properties ranging from 1/4 acre up to 5 acres. Unlike lots of other neighbourhoods in the area, prices in the Industrial neighbourhood have remained steady in recent years at roughly one million per acre plus improvements. While some may be hesitant to move into an area known for commercial and industrial development, Penticton's Industrial neighbourhood is extremely neat, clean and quiet compared to similar neighbourhoods in BC.

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498 ELLIS Street
Main North Penticton V2A 4M2

$2,799,000
Office 15,254 sq. ft. built: 1960

Main Photo: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 1: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 2: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 3: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 4: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 5: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 6: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 7: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 8: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Photo 9: 498 ELLIS Street in Penticton: Office for sale : MLS®# 10365728
Status:
Active
Prop. Type:
Office
MLS® Num:
10365728
Year Built:
1960
An exceptional opportunity to own a prime commercial office building in downtown Penticton! This well maintained building boasts a total of 15,254 square feet of leasable space, situated on a generous 0.172 acre lot. Featuring a diverse mix of individual work areas and communal spaces this property offers a versatile layout suitable for various business endeavors such as a law office or accounting firm. The main floor encompasses 5,897 square feet of leasable space, while an additional 5,881 square feet are available on the upper level plus 3,476 in the basement. This property has undergone recent upgrades including improvements to the HVAC, boiler system pumps, new hot water tank, new sump pump, and upgraded furnace. Strategically positioned on a corner lot and zoned C5 in the heart of the downtown core, this property offers excellent visibility and accessibility. Measurements taken from i-Guide. Contact the listing agent for a viewing. (id:2493)
Property Type:
Office
Total Living Area:
15,254 sq. ft.
Zoning:
Unknown
Taxes:
$23,230 / -
Community:
Main North
Exterior Features:
Brick
Community Features:
High Traffic Area
Security Features:
Security system
Structure Type:
Offices
Half Bathrooms:
0
Cooling:
See Remarks
Fireplace:
No
Heating:
Forced air, Electric, See remarks
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Size:
7,405 sq. ft.
Lot Details:
0.17
Lot Features:
Level lot, Corner Site
Parking:
Street
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Listed by RE/MAX Penticton Realty
Data was last updated October 22, 2025 at 05:15 AM (UTC)
Jesse Chapman PREC*
Danielle Chapman
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Royal LePage: 250.493.2244
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Royal LePage Locations West Realty, Brokerage
(Independently owned and operated)
484 Main Street
Penticton, BC V2A 5C5