Southern BC Franchised Motel

Hospitality for Sale
Catylist Listing ID: 30197589
Property Subtypes: Motel
Number of Units: 45 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.89 Acres
Sale Price: $3,498,000
Unit Price: $77,733.33 Per Unit
Property Use Type: Business
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2018

Overview / Comments

Being offered is the Grand Forks Ramada. This 45 Unit Motel is the premiere accommodation in the City of Grand Forks. The motel along with the leased restaurant make this a solid investment opportunity!

The motel offers well-appointed rooms, wonderful lobby and continental breakfast area, a seasonal courtyard pool area, and meeting room all of which has been very well maintained and continuously updated.

Generally speaking this property is in very good condition with no deferred maintenance evident. The current owners take great pride in this operation and it certainly shows!

Located in Grand Forks which is known for its dry climate and many hours of sunshine, this is a nice community to call home. If you are looking for a franchise motel operation in Southern British Columbia, this property should warrant your consideration.

Additional Details

Regional District: Kootenay Boundary
Parcel ID: 005-229-189
Zoning: HIGHWAY COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Highway 3
Highway Access: Yes
Area Description: Grand Forks An attractive Sunshine Valley town on the Crow's Nest Highway, Grand Forks is named for its location near the convergence of the Kettle and Granby Rivers. Observation Mountain overlooks the town to the north and the aptly named Rattlesnake Mountain to the east. The beautiful tree-lined streets and abundance of well-maintained heritage homes are enchanting. Grand Forks has everything one could ask for in four-season recreation -fishing, hunting, hiking, biking, golfing, downhill skiing, cross-country skiing, camping, and all types of water sports on the many lakes and rivers. Grand Forks was an important railway centre with 5 railways, including two continental lines. Discovery of gold and silver in the North Fork Valley contributed to the wealth of the area, and the Union Mine came into being. Mining prosperity reigned for twenty years, augmented by the developing agriculture and fruit-growing industry. However, the decline of the copper market in 1919 forced the closure of the Phoenix Mines and the dismantling of the smelter, dealing a crippling below to the entire district. There was little growth in the area until new industries such as seed growing, logging and sawmill operations all combined to return prosperity to the community. Grand Forks is the home of descendants of many of British Columbia's Doukhobors, a pacifist group of political refugee emigrants from Russia that immigrated to Canada in 1899 and settled in the Grand Forks Valley in 1909. The pride and rich culture of the Doukhobors is prevalent in the valley, and Russian is still taught in schools. Today, Grand Forks is one of the fastest growing towns in the Kootenays. Population: 4,159 (approximately)
Roof Type: Gable
Water Recreation: Outdoor Pool
Parking Type: Surface
Heat Type: Electricity
Water Service: Municipal
Sewer Type: Municipal

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Contact

Photograph of Listing Agent

Larry Berisoff

RE/MAX Kelowna
Not a member of Commercial First
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