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$849,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Merritt
MLS® Listing ID 175570
Originating Board Association of Interior REALTORS®
Lot Size 6,098 Sqft
Acres 6098.4
Property Description
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:24570)
Location
Province BC
Zoning Unknown
Interior
Heating No heat
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Oakwyn Realty Ltd.
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