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$ 5,200,000
Est. payment /mo
Active
505 Terminal Ave N Nanaimo, BC V9S4K1
0.83 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Central Nanaimo
MLS® Listing ID 981270
Originating Board Vancouver Island Real Estate Board
Lot Size 0.830 Acres
Acres 36154.8
Property Description
PRIME INVESTMENT OPPORTUNITY: Presenting a unique opportunity to acquire the well-established Port-O-Call Inn & Suites, a recently renovated 42-unit motel located in the heart of Nanaimo, British Columbia. This property offers a prime location just minutes from key local attractions, including the Departure Bay Ferry Terminal, Newcastle Island Marine Provincial Park, downtown Nanaimo and Vancouver Island University make this a highly desirable location for tourists and business travelers alike. PROPERTY HIGHLIGHTS: The motel boasts 42 newly renovated guest rooms, including 18 fully-equipped kitchenette suites, a spacious 2-bedroom manager’s suite, a leased onsite Japanese restaurant for additional income stream, and the property is in excellent condition following recent upgrades. IDEAL BUYERS: Hospitality operators looking to expand or establish a footprint, First-time entrepreneurs or investors seeking a profitable turnkey business, Hotel chains/franchises or real estate developers, Families or partners seeking a lifestyle business opportunity, Niche buyers interested in a well-established motel with strong local demand. This is a rare opportunity to invest in a thriving business in one of British Columbia's most sought-after communities. Don't miss out on owning a piece of Nanaimo's hospitality market! (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by 460 Realty Inc. (NA)
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