205 TERMINAL AVE NANAIMO

Old City neighbourhood of Nanaimo British Columbia Canada V9S 4J4
$3,225,000

205 TERMINAL AVE NANAIMO

  • Price: $3,225,000
  • MLS Number: 452860
  • Property Type: Business w/Bldg & Land (Commercial)

Newly renovated 24 room Castaway Motel in the heart of Nanaimo on busy street. Full occupancy almost everyday! Just 2 blocks to the waterfront and close to downtown, ferry, shopping and restaurants. New roof, patios, windows, furniture, carpet and much more. There are 11 kitchenettes and 2 bedroom manager’s suite. Staff in place. Currently all occupied by out of town workers paying monthly rates, easy to operate and turn key. Low overhead. An aggressive operator can turn it into a cash cow. Absentee owner motivated to sell, easy to show. Asking $3,225,000.

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Listing Brokerage: 460 Realty Inc.

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