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DESCRIPTION

What an amazing business opportunity in the heart of Wine Country. This well established 3500 sq ft grocery store specializes in ethnic foods serving the local multicultural community. A partial renovation of the store was done last year including Phase 3 wiring, counter tops and freezer. New slurpee machine and soft serve ice cream were also added. A portion of the store is sub-leased earning $700/ month and the front of the property is leased to a Food truck vendor earning $500/month. A 5 bed/3 bath residence built in 2004 also generates $1500 income from the main house and an additional $750 for the 2bedroom non-conforming suite. This property brings in close to $160,000 net a year and there is a lot more potential to grow. Listed at 12% cap rate, which is hard to find in today's market. All measurements are approx., buyer to verify. Duplicate listing Commercial ~ 176018 (id:5764)

KEY DETAILS
  • Price:
  • $1,300,000
  • Bedrooms:
  • 6
  • Full Baths:
  • 3
  • Square Footage:
  • 3,000
  • Acreage:
  • 0.43
  • Year Built:
  • 2004
  • Listing #:
  • 176017
  • Street Address:
  • 5638 Hwy 97
  • City:
  • Oliver
  • State:
  • BC
  • Postal Code:
  • V0H1T9
  • Subdivision:
  • Ol Oliver
  • Listing Status:
  • For Sale - Active

Building

  • Construction Description:
  • Wood Frame
  • Fireplace:
  • Conventional
  • Stories:
  • 2
  • Total Building Square Footage:
  • 3000
  • View:
  • Mountain View
  • Year Built:
  • 2004

Land

  • Lot Size Units:
  • Square Feet

Rooms

  • Bedroom Description:
  • Living Room

Systems

  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Septic System

Source

  • Listing Provided By RE/MAX Wine Capital Realty

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