Community SB7 – Success Block – Testimonials Title

Community SB7 – Success Block – Testimonials Text

505 N Terminal Ave
Na Central Nanaimo Nanaimo V9S 4K1

$5,200,000
Commercial Sale

Main Photo: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 1: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 2: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 3: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 4: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 5: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
981270
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. 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!
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Building, Business, Land
Lease Type:
Sale of Assets, Sale Of Shares
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.832 acre(s)
Lot Details:
161 x 225
Taxes:
Building Features:
Shopping Nearby, Transit Nearby
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Balcony/Deck
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
COR2
Units in Building:
Units in Community:
Utilities:
Cable Connected
Parking Features:
On Site
Total Parking Spaces:
0
Business Name:
PORT O CALL MOTEL
Business Type:
Accommodation
Total Units:
Date Listed:
Nov 25, 2024
Original Price:
5200000.0
  • Photo 1: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
    Photo 1 of 5
  • Photo 2: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
    Photo 2 of 5
  • Photo 3: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
    Photo 3 of 5
  • Photo 4: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
    Photo 4 of 5
  • Photo 5: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
    Photo 5 of 5
Listed by 460 Realty Inc. (NA)
Data was last updated December 27, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$849,900
Min list price:
$46,900
Max list price:
$6,995,000
Avg days on market:
90
Min days on market:
15
Max days on market:
239
These statistics are generated based on the current listing's property type and located in Na Central Nanaimo. Average values are derived using median calculations.
JASON ANSON
powered by myRealPage.com

Discover Your New Home

Access all the details you need to make the right decision. Unlock detailed information about this property, including pricing, features, and availability.