Business for sale
505 Terminal N Ave, Nanaimo
$5,200,000
Features
Lot Size
36,225 sqft
Gross Property Tax
$50,345 /year
Zoning
COR2
Amenities
Balcony/Deck, Shopping Nearby, Transit Nearby
Major Business Type
Accommodation
Business Name "doing business as"
Port O Call Motel
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!
MLS® Number 981270