For Sale · Specialty

1976 Voght Street, Merritt

1976 Voght Street, Merritt, BC V1K1B8

$475,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

91%

Year Built

1965

Lot Size

0.05 ac

About this property

Bring your business ideas to this highly visible commercial location in the heart of downtown Merritt! Offering approximately 3400 sq.ft. of total space, this property provides plenty of room for a variety of business opportunities. The approximately 1700 sq.ft. main floor features an open concept area at the front, with an office and three bathrooms located toward the rear. The additional space provides excellent potential for merchandise storage, inventory, workspace or future business growth. The building received a new torch-on roof and updated facade in 2017, along with renovations and updates to the main floor. Additional features include roof top air conditioning. Conveniently located in the centre of downtown shopping and retail services, this property offers excellent visibility and accessibility. Currently vacant and ready for your ideas - an excellent opportunity to establish or expand your business in downtown Merritt. (id:66811)

Financial sandbox

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Estimate
Purchase price$475K
Down payment30% · $143K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$30K

Annual cash flow

$4K

Cash-on-cash

2.53%

DSCR

1.14

Going-in cap

6.30%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

130,923

Households

50,160

Median income

$116,000

Median age

36

Daytime population

159,257

5-yr growth

5.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1976 Voght Street, Merritt.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.