2151 Quilchena Avenue Merritt, British Columbia V1K 1B8
$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. •Upstairs 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: •Prime Location: Situated in downtown Merritt. (id:36541)
Property Details
| MLS® Number | 175570 |
| Property Type | Other |
| Neigbourhood | Merritt |
Building
| Heating Type | No Heat |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.14 |
| Size Total | 0.14 Ac|under 1 Acre |
| Size Total Text | 0.14 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/26228550/2151-quilchena-avenue-merritt-merritt
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#110 - 1650 West 1st Avenue
Vancouver, British Columbia V6J 1G1
(604) 681-8898
(604) 681-9899
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November 13 2024 06:51:44
Okanagan-Mainline Real Estate Board
Rennie & Associates Realty Ltd.