Business for sale
2540 West Railway Street, Central Abbotsford, Abbotsford
$8,700,000
Features
Floor Area
43,943 sqft
Lot Size
43,943 sqft
Gross Property Tax
$56,440.06 /year
Zoning
C-7
Major Business Type
Accommodation Travel & Tourism
Minor Business Type
Hotel/Motel
Confidentiality Agreement Required
Yes
Description
Avison Young is pleased to present a rare and exceptional opportunity to acquire the Fraser Valley Inn and Adjacent Parking Lot (the "property") through a court-ordered sale (33790 Essendene Avenue & 2540 West Railway Street, Abbotsford, BC). This offering includes a 28-key hotel, free of branding and management agreements, a high-value liquor license, and on-site amenities such as a 125-seat pub, restaurant, banquet hall, and a 23,620sqft parking lot. The parking lot not only provides ample guest parking, but also holds significant redevelopment potential. Centrally located in Abbotsford, the property is surrounded by numerous amenities, offers seamless access to Highway 1, and is conveniently situated just six kilometers from the Sumas Border Crossing into the United States. This court-ordered sale opportunity offers immense potential for revenue growth, future development, and branding and management opportunities.
MLS® Number C8066740