5638 HWY 97 Oliver, British Columbia MLS# 176018

$ 1,300,000

Description

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 Single Family ~ 176017 (id:22688)

Overview

WaterMunicipal water
SewerSeptic System
HeatingNatural gas
Listing Office:RE/MAX WINE CAPITAL REALTY

Features

ViewMountain view

Location

The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.