$4,500,000 $[price]/m
- 5,199 SqFt
- $865.55 / SqFt
- Neighbourhood: Revelstoke
- HOA: N/a
- MLS® #: 10345462
- Year Built: 1977
Kristi Shortt
Referral Member
Questions? Call: (778) 721-4012
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:6289)
314 First Street W - Subdivision Statistics
| Avg. asking price | $1,244,315 |
| Price per sq. ft. | $641 |
| Median price | $875,500 |
| Number of homes for sale in Revelstoke | 142 |
| Number of homes for sale in Revelstoke | 140 |
| Avg. Days on Market | N/A |
Essential Information
- Listing #10345462
- Price$4,500,000
- Bathrooms0.00
- Square Footage5,199
- Acres0.15
- Year Built1977
- TypeOther
- Sub-TypeResidential Commercial Mix
Amenities
- AmenitiesRecreation, Shopping
- FeaturesLevel lot, Corner Site
- ParkingStreet
Exterior
- ExteriorBrick, Stucco, Vinyl siding
- Exterior FeaturesLevel
- Lot DescriptionLevel lot, Corner Site
- RoofOther
Listing Details
- Listing OfficeRE/MAX Commercial Solutions
Community Information
- Address314 First Street W
- SubdivisionRevelstoke
- CityRevelstoke
- ProvinceBritish Columbia
- Postal CodeV0E2S0
Interior
- Interior FeaturesDrywall
Additional Information
- ZoningUnknown
