Retail & Commercial Opportunities at Nikola
— Vibrant retail opportunities in the Okanagan's Most Significant New Community
Exceptional Commercial Opportunities
Located in the heart of Nikola's Innovation District, these commercial units benefit from high visibility, exclusive accessibility, and proximity to a growing community, regional hospital and business park, ensuring a steady flow of clientele to your business.
- 33 Commercial Stalls
- 6 EV Charging Stalls
- Bike Storage
- Minimum 12" Ceiling Heights
- Minimum 200AMP 3 Phase Power
- Elevator Access
- Occupancy Estimated Q4 2027
- 5 Retail Units Ranging in Size from 1139 to 3255 sq. ft.
.png)
A Lifestyle of Convenience and Comfort
The Innovation District is more than just a place it’s a lifestyle.
Designed to bring everything you need into one vibrant community, this development creates a seamless blend of residential comfort, professional opportunity, and recreational enjoyment.
Daily Essentials at Your Doorstep
Enjoy convenient access to grocery stores, cafes, and other necessities.
Family-Friendly Amenities
Parks and playgrounds make this community ideal for families.
Recreation & Relaxation
Take advantage of walking trails, fitness centers, and serene green spaces.
Be a Part of this Incredible Journey
Located in the heart of Penticton, the Innovation District is a vibrant community where businesses, entrepreneurs, and creatives come together. With high visibility and easy access, it's the perfect place to grow your business and connect with like-minded professionals.
.png)
Everything You Need, Right Here
With excellent walkability, nearby transit options, and dedicated cycling routes, getting to and from the Innovation District is effortless. Whether you're commuting or exploring, this area is designed to keep you seamlessly connected to the best of Penticton.
A Thriving Investment Opportunity
Increase in Construction Value
The city experienced a 27% year-over-year increase in construction value. 2024 was a very strong year for development with over $190 million in construction value invested in the community.
South Okanagan Business Hub
Penticton serves as a business hub for over 100,000 people across the South Okanagan region, fostering economic activity and attracting new businesses.
Penticton Regional Hospital Expansion
The City of Penticton and Penticton Regional Hospital are in the middle of a $400 million expansion, indicating significant investment in the region's healthcare infrastructure.
Rental Vacancy Rate
Penticton has a low rental vacancy rate, around 1.5%, indicating a strong demand for rental housing, making this an appealing location for investors.
Floor Plan
Discover premium commercial spaces designed for discerning businesses in the heart of Nikola's Innovation District.
Exclusive Opportunity: Dental Practice or Pharmacy
Seize the rare opportunity to establish your business in a premium location with a guaranteed competitive edge. The developer is offering exclusive rights for either a dental practice or pharmacy within this development.
Dentist Concept Image
- underground and street parking available
Strategic Location & Growth Potential
- Prime location in a high-traffic community
- Modern space designed to elevate your brand
Why This Opportunity Won’t Last
Limited opportunities to purchase strata space within the development, and we will only sell to one pharmacy or dentist in this building!
Designed by a professional team of consultants, the commercial spaces are thoughtfully designed to accommodate your business. From utilities and services to signage and parking, we have optimized the design for the long term success of your business.
The company’s highly focused team of specialists oversees every aspect of project development, including acquisition, planning, design, construction, marketing, sales and customer care, with a commitment to building lasting value for homeowners and the community. Founded in 2005, Tien Sher has steadily grown to become one of the most innovative and progressive developers in the region, contributing to the urban renewal of the historic Whalley District, and many arts and cultural initiatives that go beyond real estate development.
KEY Marketing is a full-service project marketing and sales firm that specializes in multi-family communities. KEY has had the privilege of working with some of Western Canada's top developers to acquire, envision, market, and sell projects throughout the Lower Mainland, BC Interior, Calgary, and Toronto.
With over 60 years of combined real estate experience, Stryke Group possesses knowledge and insights that can be applied to every project in which the team is involved in. Stryke Group is deeply committed to creating sustainable and thriving communities through real estate development. By combining a long-term vision, extensive experience, and a strong network, Stryke lays a strong foundation for success in navigating the complexities of developing real estate.
This is not an offering for sale. Any such offering can only be made with a disclosure statement. The developer reserves the right to make changes and modifications to the information contained herein without prior notice. Artist’s renderings and maps are representations only and may not be accurate. Dimensions, sizes, areas, specifications, layout and materials are approximate only and subject to change without notice. Marketing and Sales by KEY Marketing. E.& O.E.