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Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 3,700,000

Est. payment | -/mo

5,199 SqFt

Save

$ 3,700,000

Est. payment | -/mo

Save

5,199 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5199

Square Footage 5,199 sqft

Price per Sqft $711

Subdivision Revelstoke

MLS® Listing ID 10345462

Year Built 1977

Lot Size 6,534 Sqft

Acres 0.15

Property Description

Prime investment opportunity in the bustling City of Revelstoke, BC! This portfolio consists of the land, building, busy liquor store, and restaurant premises with a popular restaurant tenant in place with good lease terms. The 5200 square foot building is located downtown with excellent visibility from three highly travelled roads. Built with future development in mind, the structure could support an additional storey to accommodate more commercial space, or possibly a residential component above upon municipal approval. The liquor store is one of three in Revelstoke and brings in consistent returns. With a moratorium on liquor licenses for another 7 years, this is a rare commodity! Revelstoke has seen incredible growth in the last 10 years and has become a renowned four season Wilderness Resort destination, providing epic snowfall in winter, and an abundance of alpine terrain to explore in summer and fall. According to recent data, the City receives an estimated 1.1 million visitors in the summer season alone, with over 200,000 unique visitors to the City each month. Downtown Revelstoke offers an outstanding array of events including ‘Revy Live Outside' – 58 nights of live music in Grizzly Plaza, while in the culinary scene, the city boasts a wide variety of pubs, restaurants, bistros, coffee shops, and more. Hotels, resorts, and campgrounds assure a steady stream of consumers. There is a ton of potential to be had in this portfolio – don't miss your opportunity! (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Roof Type Unknown

Attached Garage No

Garage No

Private Pool No

Building

Lot Description Level

Sewer Municipal sewage system

Listed by RE/MAX Commercial Solutions

314 First Street W Revelstoke, BC V0E2S0