$6,900,000
FOR SALE

Commercial Farm Contemporary

Total Area: 9,088 ft2

507 Skaha Hills Drive
Penticton, BC V2A 0A9 | Main South

Nestled in the Hillside above Skaha Lake, situated amongst one of the most attractive collections of luxury homes in the South Okanagan, this Lakeview Estate Winery offers an immense amount of value. Completed in 2016 by the highly regarded, award winning company Greyback, the 9088sqft concrete & structural steel building features an iconic modern architectural style. The Estate includes a wine shop, tasting lounge, indoor/outdoor bistro/hospitality space, wine barrel storage & production space built to aspire to 10,000 cases of wine/year. This property contains four parcels totalling 15.59 acres with over 13 acres of planted vines (2016) consisting of Cab Franc, Cab Sav, Merlot, Muscat, Sauv Blanc, Viognier, & more. The commercial parcel is fully prepaid on a 99 year lease, and the 3 vineyard parcels that are also on a 99 year lease have a minimal annual ground lease. This property has been independently professionally appraised at $9,472,500 and is an opportunity not to be missed! Many features here with the possibility of a third story, high quality split rail & steel post trellis system, upgraded microjet irrigation, and so much more, close proximity to HWY 97, few properties will truly compare with this location! Bring your own ideas, branding or venture or the current owners are happy to help transition the property with you! Contact the listing agent today for your information package, or to view this property! (id:47421)
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Listed By Parker Real Estate
Data Provided By Association of Interior REALTORS®
MLS® Listing Number 201793
Last Updated Apr 16, 2024
Property Summary
Property Type Commercial Farm

More like this:
Neighbourhood Main South
Price History

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Detailed Information
Total Area 9,088 ft2
Amenities Nearby Airport
Community Features Adult Oriented, High Traffic Area
Farm Type Unknown
Listing Contract Date 2023-11-01
Municipal ID 903-019-723
# of Parking Spaces 28
Property Type Agriculture
Transaction Type For sale
Views Unknown, City view, Lake view, Mountain view, Valley view
Zoning Agricultural
Building
Architectural Style Contemporary
Constructed Date 2016
Cooling Type Central air conditioning
Heating Type Forced air, See remarks
Stories Total 2
Type Other
Utility Water Municipal water
Land
Total Size 15.59 acres
Access Type Easy access, Highway access
Acreage Yes
Amenities Airport
Sewer Septic tank
Size of Irregular Land 15.59

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