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$ 4,800,000
Est. payment /mo
New
314 First Street W Revelstoke, BC V0E2S0
5,199 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,199 sqft
Price per Sqft $923
Subdivision Revelstoke
MLS® Listing ID 10345462
Originating Board Association of Interior REALTORS®
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
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Roof Type Unknown
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Listed by RE/MAX Commercial Solutions