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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:20009)

Business

Business Type Restaurant
Business Sub Type Restaurant/fast food

Property Details

MLS® Number 175570
Property Type Business
Community Name Merritt
Features Signs Allowed

Building

Land

Acreage No
Size Irregular 6000
Size Total 6000 Sqft
Size Total Text 6000 Sqft

https://www.realtor.ca/real-estate/26228550/2151-quilchena-ave-merritt-merritt

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Keith Bickert
Personal Real Estate Corporation

(604) 834-7195
keithbickert.com/

Oakwyn Realty Ltd.
3195 Oak Street
Vancouver, British Columbia V6H 2L2

(604) 620-6788
(604) 620-7970
www.oakwyn.com/