For Sale - Motels

Campbell River is located at 154Km north of Nanaimo(1.5 hour drive) and a coastal city in British Columbia on the east coast of Vancouver Island at the south end of Discovery Passage, which lies along the important coastal Inside Passage shipping route. Campbell River has a population of about 32,000 with a variety of growing industries that enhance the oceanside community. The main business involves aquaculture, agrifoods, clean energy development, construction, creative industries, forestry, health care, international education, mining, technology and tourism. Business ownership in Campbell River offers an opportunity to market self-employment to immigrants from other parts of Canada and overseas.                     

 

Detailed Information

 

Gross BD Area : 10,550 sqft

Zoning : Commercial (C6)

 Permitted Uses : Retail Store, Coffee shop, Restaurant , Hotel, Motel,

 Highest and Best Use as Vacant : Multi Family Residential

 Property Tax : $19,300

 Construction : Concrete & Bricks

 Sewer : Municipal

Water : Municipal

Unit : 25 units + 2 BR mgr suite

Parking : 25+ cars

Sign : Owned

Employees : Manager + 3 PT

Gross Income : $400,000 (Owner manag)

Net : approx. $200,000+ (Owner manage)

The subject site is an attractive parcel offering good ocean

views and a desirable location with close proximity to

amenities including retails stores and the ocean. Given the

location, amenities and size and shape of the site the highest

and best use of the subject site as if vacant is considered to

be multi-family residential with the rezoning of the site, which

seems very feasible as the surrounding properties are typically

multi-family buildings.

 

Vista Del Mar Motel means “Sea View Motel”.

Investment : Enquire Agent

 

Features

Similar Properties