Download the brochure at the link below for more info. Offered is a share or asset sale of the Twin Rivers Motel, in Castlegar, BC - an exceptional investment and repositioning opportunity with tremendous upside. Featuring 15 motel suites complete with kitchenettes, 6 serviced RV pads including one detached mobile home, a manager's suite, and flexible C-2 (Highway Commercial) zoning, the property lends itself well to overnight, short-term, or long-term rentals. The property offers +200 feet of premium Columbia Avenue frontage, direct riverfront access with walking trails and valley views, and immediate adjacency to Tim Hortons, No Frills, Dollarama, and Barburrito, key attributes which collectively combine to support the motel's strong average occupancy of 70.8% for the 18 months ended Dec-2023. The property is centrally located along Castlegar's most dominant commercial node, with nearby hotel brands including Super 8, Sandman, Best Western, and Canada's Best Value. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Amenities Nearby
Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
Community Features
High Traffic Area, Family Oriented
Features
Central location, Visual exposure, Flat site, Other, Level
Listing Contract Date
2024-05-08
Municipal ID
016-927-354
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning
Commercial mixed use
Building
Amenities
Storage - Locker
Heating Fuel
Electric
Utility Water
Municipal water
Land
Total Size
1 - 5 acres
Access Type
Easy access, Highway access
Acreage
Yes
Amenities
Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
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