405 5th Avenue, Stewart

$3,500,000 |   MLS® Number  C8055260

Business for sale in Stewart, Hazelton & Hwy 37, 405 5th Avenue, 224960329 | Realtylink.org

Business for sale

Floor Area
34,986 sqft
Lot Size
19,200 sqft
Gross Property Tax
$22,993.67 /year
Building Type
Freestanding
Zoning
C-1
Major Business Type
Accommodation Travel & Tourism
Minor Business Type
Hotel/Motel
Business Name "doing business as"
King Edward Hotel & Motel
47

Opportunity to acquire a Full Service 66 room Hotel & Motel in Stewart BC. The King Edward Hotel features a 132 seat dining lounge and 70 seat cafe (food primary), 90 seat bar, 37 seat bar patio, a 58 seat pub. Also included is guest/public laundry services and ATM. Stewart, just 5 minutes from the Alaskan border, is located in the Golden Triangle known for mining with Ascot Gold slated to be producing in October 2023 which is reported to more than double the area population. There are 2 deep sea loading facilities - Stewart World Port and Stewart Bulk Terminals are also economic drivers. Tourism is also growing in the area featuring bear/glacier viewing in summer and sledding, heli-skiing in winter.