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Home BC Greater Kamloops Thompson-Nicola Kamloops Downtown
1390 Columbia Street
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1390 Columbia Street $6,800,000
$6,800,000
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1390 Columbia Street
Kamloops, British Columbia V2C2W8

MLS® Number: 10364690

Listing Description

MOTEL OPPORTUNITY IN KAMLOOPS ~ CANADA'S BEST VALUE INN & SUITE. Excellent investment opportunity in the Kamloops region, a thriving hub for industry, tourism, and transportation with strong year-round demand. This well-maintained motel features 51 rooms, including 6 bachelor suites rented at approx. $1000/month, plus a leased restaurant generating $3500/month (plus utilities). Additional highlights include a 2-bedroom manager's suite with office, laundry facilities (2 washers/2 dryers), a large basement storage, and extra rooms currently used for storage. Rooms are renovated with no upgrades required. A franchise agreement with Canada's Best Value Inn is in place. The property sits on just over 1 acre, including an additional 4000 sq.ft area with development potential. Strong cash flow and excellent location make this a rare opportunity. Please do not approach staff for information. A Non-Disclosure Agreement (NDA) is required before releasing business details (39302403)

Property Summary

Property Type
Hospitality
Building Type
Other
Neighbourhood Name
South Kamloops
Title
Freehold
Land Size
1.07 ac|1 - 5 acres
Built in
1973
Time on REALTOR.ca
75 days

Price and Sale History

Date Status Price
Jan 3, 2017 Sale Closed $52,000
Mar 5, 2007 Sale Closed $49,000

Building

Bathrooms
Partial
0
Building Features
Present Use
Hospitality / Resort, Retail
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Jay Choi