2701 Nicola Ave, Merritt, British Columbia

Great Investment Property with 3 Lease contracts in place!! Commercial building & property on busy corridor into Merritt with diversified potential. Main floor with one side leased to a current restaurant tenant on a 5 yr lease. The remainder of the main level features an open concept area with large windows and generous parking has recently engaged into a 3 yr lease. Additional top floor has a separate outside entrance leading to approx.1350 sq ft has a third lease signed also for a period of 3 yrs. Partially finished basement which is made up of several rooms with a roughed in bathrm. features storage space with it's own entrance. Building has 2 gas meters & 2 hydro meters. Zoned C7. All measuremts approx. (id:27476)

This property is a freehold, commercial building and property located on a busy corridor into Merritt, offering a range of potential uses. The main floor spans approximately 4091 sq ft, with around 2064 sq ft currently leased to a restaurant tenant under a 5-year agreement, providing a solid foundation for investment. The remaining space on the main level consists of an open concept area with large windows and ample parking, available for lease or use. Additionally, the top floor, accessible via a separate outside entrance, offers approximately 1350 sq ft with potential for a suite or office space. There is also a partially finished basement of around 1200 sq ft, with its own entrance and consisting of several rooms with a roughed-in bathroom. The building is equipped with 2 gas meters and 2 hydro meters, and is zoned C7, with specific uses to be confirmed with the City of Merritt. All measurements are approximate.

This property is currently listed for sale and boasts a land size of 16553 sq ft. It is situated at 2701 Nicola Ave in the city of Merritt, within the province of British Columbia and the community of Merritt.