For Sale · Specialty

1937 Quilchena Avenue, Merritt

1937 Quilchena Avenue, Merritt, BC V1K1B8

$675,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

83%

Year Built

1977

Lot Size

0.14 ac

About this property

Location, location, location! Excellent investment opportunity in the heart of downtown Merritt. This approximately 3500 sq.ft. commercial building offers high visibility, good foot traffic and flexible space for a variety of business uses. One side of the building is currently leased to a quality tenant with a lease in place, providing immediate rental income, while the other side is vacant and ready for your ideas. The available space offers excellent potential for restaurant, professional offices, retail or other commercial uses. Recent improvements include a torch-on roof installed in 2018 and a new building façade completed in 2017. The leased unit features a newer furnace and air conditioning system installed in 2025, while the vacant unit has its own furnace. Heating is forced air natural gas. Whether you’re looking for an investment property with existing income or a downtown location for your own business, this property offers plenty of possibilities. Bring your ideas and take advantage of this great downtown Merritt location. Call the Listing Agent for additional details. (id:66811)

Financial sandbox

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Estimate
Purchase price$675K
Down payment30% · $203K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$41K

Annual cash flow

$4K

Cash-on-cash

1.88%

DSCR

1.10

Going-in cap

6.11%

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

62,964

Households

26,970

Median income

$68,500

Median age

43

Daytime population

104,829

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 1937 Quilchena Avenue, 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.