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Annette Denk

Real Estate Advisor

  • Office 250-717-5000
  • Cell 250-808-7566
Questions?

5638 Hwy 97, Oliver, British Columbia – $1,300,000

  • $1.3M Price
  • $1.3M Price

5638 Hwy 97

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:6289)

Essential Information

  • Listing #176018
  • Price$1,300,000
  • Bathrooms0.00
  • TypeBusiness

Community Information

  • Address5638 Hwy 97
  • CityOliver
  • StateBritish Columbia
  • Zip CodeV0H1T9

Amenities

  • ViewMountain view

Interior

  • HeatingNatural gas Other

Exterior

  • ConstructionWood frame

Listing Details

  • OfficeRE/MAX WINE CAPITAL REALTY
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