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
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.832 acre(s)
Lot Details:
161 x 225
Building Features:
Shopping Nearby, Transit Nearby
Fireplace:
No
Balcony/Deck
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
COR2
Utilities:
Cable Connected
Parking Features:
On Site
Total Parking Spaces:
0
Business Name:
PORT O CALL MOTEL
Business Type:
Accommodation
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
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  • Photo 2: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
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  • Photo 3: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
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  • Photo 4: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
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  • Photo 5: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
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Listed by 460 Realty Inc. (NA)
Data was last updated December 23, 2024 at 02:05 PM (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:
87
Min days on market:
12
Max days on market:
236
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.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.