2151 Quilchena Ave Merritt, British Columbia
$849,000
PRICE REDUCED TO $849,000 Discover the endless possibilities with this prime commercial building located in the heart of downtown Merritt. This well-maintained and upgraded property offers significant revenue potential, making it an exceptional investment opportunity with a projected 9% cap rate. Property Features: The Main Floor Offers: o4,000 sq ft of versatile space, previously home to the popular Brambles Bakery & Cafe. oEquipped with much of the commercial kitchen equipment, ideal for a restaurant setup. oSeparate 800 sq ft room at the front, perfect for conversion into its own commercial space. oVacant and ready for immediate rental or occupancy. oMarket rent: $3,500 per month. oUpstairs Units: oTwo 750 sq ft two-bedroom apartments. Both units are occupied by reliable tenants on month-to-month leases. oOne unit has been recently renovated. oMarket rent for each unit: $1,500 per month. Highlights: oPrime Location: Situated in downtown Merritt, this property boasts high visibility and foot traffic, ensuring a steady flow of potential customers. oFlexible Completion Dates: Tailored to meet your timeline, making the transition smooth and efficient. oSignificant Revenue Potential: With a variety of business opportunities available, this building is an excellent fit for retail, dining, or office space. oIncluded Commercial Assets: A list of commercial assets is available by request. oFinancing Assistance: We can help arrange financing to make your investment more accessible. Don't miss out on this exceptional investment opportunity. Contact us to schedule a showing; please allow 24-hour notice. All measurements are approximate. (id:45850)
Business
| BusinessType | Restaurant |
| BusinessSubType | Restaurant/fast food |
Property Details
| MLS® Number | 175570 |
| Property Type | Business |
| Community Name | Merritt |
| Features | Signs Allowed |
Building
Land
| Acreage | No |
| SizeIrregular | 6000 |
| SizeTotal | 6000 Sqft |
| SizeTotalText | 6000 Sqft |
https://www.realtor.ca/real-estate/26228550/2151-quilchena-ave-merritt-merritt
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October 29 2024 07:00:02
Okanagan-Mainline Real Estate Board
Oakwyn Realty Ltd.