JB BANSOOTA, RE/MAX Wine Capital Realty
MLS® #: 176017

5638 Hwy 3A & 97

Oliver, BC, V0H 1T9
MLS® #: 176017
JB BANSOOTA, RE/MAX Wine Capital Realty
For Sale

5638 Hwy 3A & 97

Oliver, BC, V0H 1T9
$1,300,000
6 bed|3 bath|N/A sqft|house
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5638 Hwy 3A & 97

Oliver, BC, V0H 1T9
JB BANSOOTA, RE/MAX Wine Capital Realty
MLS® #: 176017

$1,300,000

6 bed|3 bath|N/A sqft|house

Single Family in Oliver

What an amazing business opportunity in the heart of Wine Country. This well established 3500 sq ft grocery store specializes in ethnic foods serving the local multicultural community. A partial renovation of the store was done last year including Phase 3 wiring, counter tops and freezer. New slurpee machine and soft serve ice cream were also added. A portion of the store is sub-leased earning $700/ month and the front of the property is leased to a Food truck vendor earning $500/month. A 5 bed/3 bath residence built in 2004 also generates $1500 income from the main house and an additional $750 for the 2bedroom non-conforming suite. This property brings in close to $160,000 net a year and there is a lot more potential to grow. Listed at 12% cap rate, which is hard to find in today's market. All measurements are approx., buyer to verify. Duplicate listing Commercial ~ 176018

Details

Property Type: Single Family
Property Tax: $5,812 (2018)
Last Updated: Sat, March 23, 2019
Restrictions: Surface Right-of-Way
Title: Freehold
MLS® #: 176017
Inside

Heating: Forced air, 34
Heating Source: N/A
Rooms: N/A
Fuel: Natural Gas
Outside

Construction: Frame
District: Oliver

About the Neighbourhood

Oliver Rural

Most areas in Okanagan-Similkameen C are very quiet, as there are usually low levels of noise from traffic.
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Agent's profile picture

RE/MAX Wine Capital Realty

Oliver, BC

PH: (250) 486-6339

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Data was last updated Saturday, March 23, 2019 at 4:41:27 AM