1/52697 Nicola Avenue, Merritt
2697 Nicola Avenue, Merritt, BC V1K1B8
$1.8M total
—
Asset Class
Hospitality
Size
—
Building class
B
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
94%
Year Built
1994
Lot Size
0.25 ac
About this property
By appointment only. Do not approach staff, guests, or the Seller. Direct contact with the Seller is strictly prohibited. All enquiries, showings, and requests for financial information must be arranged through the listing agents. NDA required prior to release of confidential information. Please allow reasonable notice for showings. Measurement Disclaimer: All measurements, dimensions, and information are approximate. Neither the Seller nor the Listing Brokerage warrants their accuracy. A rare opportunity to own a well-established 14-unit motel in the heart of Merritt, complete with a 3-bedroom owner/manager residence. Ideally located with easy highway access and excellent visibility, this turnkey property offers a proven mix of monthly and daily rentals, making it an ideal investment for owner-operators. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$127K
Annual cash flow
$27K
Cash-on-cash
5.05%
DSCR
1.27
Going-in cap
7.06%
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
49,758
Households
18,340
Median income
$92,500
Median age
41.4
Daytime population
70,200
5-yr growth
2.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 2697 Nicola Avenue, Merritt.
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.