205 Terminal Ave, NANAIMO, V9S 4J4

Commercial - Business w/Bldg & Land For Sale

$3,225,000


Beds
Baths
Sqft
Built
MLS® #: 452860
Active

Newly renovated 24 room Castaway Motel in the heart of Nanaimo on busy street. Full occupancy almost everyday! Just 2 blocks to the waterfront and close to downtown, ferry, shopping and restaurants. New roof, patios, windows, furniture, carpet and much more. There are 11 kitchenettes and 2 bedroom manager's suite. Staff in place. Currently all occupied by out of town workers paying monthly rates, easy to operate and turn key. Low overhead. An aggressive operator can turn it into a cash cow. Absentee owner motivated to sell, easy to show. Asking $3,225,000.

Essential Information

MLS® #: 452860
Price: $3,225,000
Type: Commercial
Sub-Type: Business w/Bldg & Land
Style: Accommodation
Status: Active

Community Information

Address: 205 Terminal Ave
City: NANAIMO
Province: BC
Postal Code: V9S 4J4

Listing Details

Listing Office: 460 Realty Inc.

VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification.