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. 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.