505 Terminal Ave N, Nanaimo, BC

$5,200,000

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0.83

Acres

About 505 Terminal Ave N

PRIME INVESTMENT OPPORTUNITY: Presenting a unique opportunity to acquire the well-established Port-O-Call Inn & Suites, a recently renovated 42-unit motel located in the heart of Nanaimo, British Columbia. This property offers a prime location just minutes from key local attractions, including the Departure Bay Ferry Terminal, Newcastle Island Marine Provincial Park, downtown Nanaimo and Vancouver Island University make this a highly desirable location for tourists and business travelers alike. PROPERTY HIGHLIGHTS: The motel boasts 42 newly renovated guest rooms, including 18 fully-equipped kitchenette suites, a spacious 2-bedroom manager’s suite, a leased onsite Japanese restaurant for additional income stream, and the property is in excellent condition following recent upgrades. This is a rare opportunity to invest in a thriving business in one of British Columbia's most sought-after communities. Don't miss out on owning a piece of Nanaimo's hospitality market!

Features of 505 Terminal Ave N

MLS® # 981270
Price $5,200,000
Acres 0.83
Type Commercial Sale
Sub-Type Business
Status Active

Community Information

Address 505 Terminal Ave N
Area Na Central Nanaimo
City Nanaimo
County Nanaimo, City of
Province BC
Postal Code V9S 4K1

Amenities

Utilities Cable To Lot
Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Exterior Features Balcony/Deck

Additional Information

Date Listed November 25th, 2024
Days on Market 150
Zoning COR2

Listing Details

Office460 Realty Inc. (NA)

Listing Map

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