Business for sale
5510 W 16 Highway, Terrace - City, Terrace - City, Terrace
$2,300,000
Features
Year Built
1955
Lot Size
59,328 sqft
Gross Property Tax
$26,036.63 /year
Building Type
See Realtor Remarks
Zoning
C3
Major Business Type
Accommodation Travel & Tourism
Minor Business Type
Hotel/Motel
Business Name "doing business as"
Rainbow Inn Motel
Confidentiality Agreement Required
Yes
Description
This offering presents a rare opportunity to acquire a turn-key motel and RV property in Terrace, B.C. Rainbow Inn Motel & RV Park features 22 renovated guest rooms, 10 fully-serviced RV pads, and a detached manager's residence, all situated on a 1.36-acre site with prominent frontage along Highway 16. It's strategically located along the primary transportation corridor connecting Terrace to Prince Rupert and Kitimat. Extended-stay demand from international tourists, resource workers, medical visitors, and government personnel supports stable year-round occupancy. Over $200,000 in recent capital improvements have been completed, positioning the property in move-in-ready condition with minimal near-term capital requirements.
MLS® Number C8074813