314 First St W

For Sale 139 Days
$4,800,000
beds
baths
5,199 Sqft

314 First St W

For Sale 139 Days
$4,800,000
beds
baths
5,199 Sqft

Highlights

Key insights

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:55581)

Tracie Gobelle of RE/MAX Commercial Solutions,
#10345462
updated 4 months ago.
Houseful checked MLS® for data 4 months ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Exterior
  • Roof
    Unknown
Location
  • Community features
    High traffic area
  • Subdivision
    Revelstoke
  • Zoning description
    Unknown
Lot/ Land Details
  • Lot desc
    Level
  • Lot dimensions
    0.15
Overview
  • Lot size (acres)
    0.15
  • Building size
    5199
  • Listing #
    10345462
  • Property sub type
    Other
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28238409/314-first-street-w-revelstoke-revelstoke
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-12,800

/ Month
25 Years fixed, 20% down payment, % interest
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%
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