For Sale · Specialty

1999 Voght Street, Merritt

1999 Voght Street, Merritt, BC V1K1B8

$950,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

95%

Lot Size

0.14 ac

About this property

Excellent investment and business opportunity in a highly visible downtown location. This two storey commercial building offers over 4800 sq.ft. across the main and upper floors, plus approximately 1800 sq.ft. of basement space ideal for additional storage. The main floor is currently leased to a quality tenant on a triple-net lease, providing an established income stream. The upper floor features two large open rooms, an office and 3 bathrooms, making it well suited for a dance or fitness studio, professional offices, or a variety of other commercial uses. There may also be potential to convert the upper floor into residential units, subject to zoning and required approvals. Situated on a prominent corner lot near the main post office and downtown retail and office district, this property benefits from good visibility and pedestrian traffic. Two rooftop A/C units provide cooling for the building. A versatile property offering income, substantial space and plenty of possibilities for future use. (id:66811)

Financial sandbox

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Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$74K

Annual cash flow

$21K

Cash-on-cash

7.41%

DSCR

1.40

Going-in cap

7.77%

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

143,784

Households

51,560

Median income

$89,000

Median age

45.1

Daytime population

187,769

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 1999 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.