Listing Details for 950 Terminal Ave N, Nanaimo - MLS® #866184
Business For Sale 1,098,000Business Property For Sale at $1,098,000
SaveBasic Details
- Listing ID
- 22815423
- MLS® Number
- 866184
- Street Address
- 950 Terminal Ave N
- Street Number
- 950
- Street Name
- Terminal
- City
- Nanaimo
- Postal Code
- V9S4K4
- Property Type
- Business
- Price
- 1,098,000
- Ownership Type
- Freehold
- Zoning Description
- COR2
- Municipal Id
- 006-491-197
- Neighbourhood
- Central Nanaimo
- Street Direction Suffix
- North
- Features
- Other, Marine Oriented
- Zoning Type
- Unknown
- Sign Type
- Pylon
Property Description
Excellent opportunity to own this family owned and operated 9-unit Motel plus 2-bedroom owners suite in Nanaimo on Vancouver Island of BC. This package is being offered as a 100% share sale plus building and land. Great small business investment with good cashflow and potential for increased income growth. The motel has excellent highway exposure, located in central Nanaimo with easy access to downtown Nanaimo and the ferry and seaplane terminals. It is also just a short walk to restaurants, groceries, banks, liquor and other shopping amenities. There is a variety of rooms for guests over 2 levels including 5 deluxe rooms with 2 beds, 3 king size kitchenette studios all which have sliding glass doors to a deck and rear yard, 1 family suite which includes separate bedroom w/balcony, bed, couch & kitchen, all the rooms offer a 4 piece bathroom. In addition, on site located behind the check in counter is a 2-bed manager's suite with outdoor patio area. Also, on site is a storage room & laundry room. Recent updates include LED TV's in all rooms and lighting in deluxe rooms. This has been a great business for the current owners for many years, now it is time for a new owner to take over to enjoy the growth of Nanaimo! Call or email for further details. (id:8145)Full Details
Land
- Size
- 9268 sqft
- Irregular
- 9268
- Access Type
- Highway access
Building
- Size (Interior)
- 3238 sqft
- Cooling Type
- Air Conditioned
- Heating Fuel
- Electric
- Heating Type
- Baseboard heaters
Business
- Business Business Type
- Accommodation
- Business Name
- Colonial Motel
Listed by RE/MAX Of Nanaimo
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.
Listing information last updated on Tue, 16 Feb 2021 21:01:10 GMT.