Prominent semi-waterfront commercial space in the heart of Penticton’s vibrant tourism district, ideally positioned across from Okanagan Beach. Offering a strategic foothold in one of the South Okanagan’s most desirable and high-traffic locations. This premium strata unit features 3,407 SF on the main floor, currently demised into two distinct spaces: approx. 850 SF leased to The Pilates Mat Studio, featuring a stylish modern build-out with 2 washrooms, abundant windows, and an inviting patio. The other space is a larger owner-occupied space (approx. 2,550 SF) to be delivered vacant on possession, and has an open concept layout with 1 washroom and kitchenette, and is ready for your vision. C3 Mixed Commercial zoning allows for diverse uses, including retail, service, hospitality, and more. Excellent location, directly across from the beach with stunning lake and mountain views. Walking distance to restaurants, boutique shops, and Penticton’s most popular attractions. Built-in income & flexibility, with immediate rental income from the leased space, plus the opportunity to occupy or lease the vacant portion. Offering expansion potential with the rare option to acquire all three strata units in the building, enabling full-building control and potential strata dissolution (see MLS #10337260). Penticton’s thriving year-round tourism, limited waterfront commercial inventory, and growing local economy make this an asset with exceptional appreciation potential and long term value.