1391 Central Street, Spruceland, Prince George

$7,998,000 |   MLS® Number  C8064373

Business for sale in Spruceland, Prince George, PG City West, 1391 Central Street, 224969442 | Realtylink.org

Business for sale

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
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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.