For Sale - Motels
Great Opportunity for Budgeted Buyer for Motel in BC
Princeton is located at 282 km east of Vancouver and it takes about 3 hrs from Vancouver. It lies just east of the Cascade Mountains, which continue south into Washington, Oregon and California. It has about 3,000 population and Princeton centers on seven blocks of businesses along Bridge Street and five blocks on Vermilion Avenue. Historically, the area’s main industry has been mining such as copper, gold, coal, and some platinum but nowadays the town’s biggest employer is a sawmill owned by Weyerhaeuser, along with a few smaller timber companies.
Coal mine, copper mine invested by Mitzubishi and woodchips together with dam construction to be started from 2016, are one of the current and future major industries.
Building Space : 6,106 Sqft /
Lot size : 20,037.6 Sqft / 0.46 Acre
16 newly renovated motel units + 3 BR Manager suite
Parking : 20 + cars
Gross : $350,000+ / Net : $180,000+