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Home BC Greater Nanaimo Nanaimo Townsite
505 Terminal Ave N
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505 Terminal Ave N $5,200,000
$5,200,000
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505 Terminal Ave N
Nanaimo, British Columbia V9S4K1

MLS® Number: 981270

Listing 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! (28663859)

Property Summary

Property Type
Business
Neighbourhood Name
Central Nanaimo
Title
Freehold
Land Size
0.83 ac
Annual Property Taxes
$50,345
Time on REALTOR.ca
30 days

Building

Business
Business Name
PORT O CALL MOTEL
Business Type
Accommodation

Land

Other Property Information
Zoning Description
COR2
Zoning Type
Unknown
Data provided by: Vancouver Island Real Estate Board 6374 Metral Drive, Nanaimo, British Columbia V9T 2L8
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