Business for sale
405 5th Avenue, Stewart
$2,995,000
Features
Year Built
1976
Floor Area
34,986 sqft
Lot Size
19,200 sqft
Gross Property Tax
$22,993.67 /year
Building Type
Freestanding
Building / Complex Name
King Edward Hotel & Motel
Zoning
C-1
Major Business Type
Accommodation Travel & Tourism
Minor Business Type
Hotel/Motel
Business Name "doing business as"
King Edward Hotel & Motel
Description
The King Edward Hotel features a 132-seat dining lounge, 70-seat café (food primary), 90-seat bar, 37-seat bar patio, and a 58-seat pub. Also included are guest/public laundry services and an ATM. Just five minutes from the Alaskan border, Stewart lies in BC’s Golden Triangle, one of the world’s most mineral-rich regions. Mining growth is accelerating with Ascot Gold nearing full production, the Red Chris expansion underway, and the Eskay Creek restart advancing nearby. The area is forecasted to double in population. A new Indigenous-led partnership is acquiring the Stewart Port Terminal, now Portland Canal Transportation LP. With two deep-sea loading facilities and growing tourism, glacier and bear viewing in summer, heli-skiing and sledding in winter, the hotel is well-positioned to benefit from industrial and visitor activity. Multiple liquor- and food-primary licenses, diversified revenue streams, and legacy local recognition make this a prime strategic investment.
MLS® Number C8055260
Need more details?
Visit the REALTORS® website to see the detailed sheet of this property.