2151 Quilchena AvenueMerrittBritish ColumbiaV1K1B8

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:35966)

Listing Details

Property Details

Full Address:
2151 QUILCHENA Avenue, Merritt, British Columbia
Price:
$ 849,000
MLS Number:
175570
List Date:
October 30th, 2023
Neighbourhood:
Merritt
Lot Size:
0.14 ac
Taxes:
$ 7,877

Interior Features

Heating:
No heat

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Zoning:
Unknown
Ownership Type:
Freehold
Taxes:
$ 7,877

Floors

Land

Lot Size:
0.14 ac

Neighbourhood Features

Ratings

Commercial Info

Location

Neighbourhood Details