Business for sale

1391 Central Street, Spruceland, Prince George

$7,998,000 or
Business for sale in Spruceland, Prince George, PG City West, 1391 Central Street, 224969442 | Realtylink.org
$7,998,000 or

Business for sale

1391 Central Street, Spruceland, Prince George

Features

Lifestyle
224969442 7998000 /en/business~for-sale~spruceland-prince-george/224969442?view=Summary /en/business~for-sale~spruceland-prince-george/224969442/photos 53.9119500000 -122.7834000000 true
Year Built
1969
Lot Size
59,242 sqft
Gross Property Tax
$63,153.02 /year
Building Type
Low Rise (2-4 storeys)
Building / Complex Name
Anavada Inn & Suites
Zoning
C5
Amenities
Air Conditioning, Laundry Facility, Visitor Parking
Major Business Type
Accommodation Travel & Tourism
Minor Business Type
Hotel/Motel
Business Name "doing business as"
Anavada Inn & Suites
Business Operating Since
2023
Confidentiality Agreement Required
Yes
83

Description

Avison Young proudly presents an exceptional investment opportunity in Prince George, BC: an 80-room motel, fully renovated in 2023 and positioned for long-term growth. Situated on 1.36 acres, this property offers a turnkey operation with a range of attractive amenities, including a 4,000-square-foot leased restaurant and pub space. The motel is in excellent condition, with no immediate capital improvements required, and features a revenue-generating, coin-operated laundry room, vending and ice machines, and secure key-card entry to each room. Suites are fully furnished and equipped with electric baseboard heating, in-suite A/C units, and flat-screen TVs. This property offers investors a strong 5.74% cap rate with additional upside potential, especially through increased bookings and branding under a reputable national franchise.
MLS® Number C8064373

Listing REALTOR®

Bijan Lalji, REALTOR<sup>®</sup>

Bijan Lalji

REALTOR®

Avison Young Commercial Real Estate Services, LP

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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