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EMPIRE MOTEL --- 3495 SKAHA LAKE RD PENTICTON, B.C. Penticton South (Penticton, British Columbia, CA - V2A 6G6) Built

$3,399,000 CAD
Cap rate > 8

Nu Stream Realty

Amy XU Amy XU 2508994888 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Development Level: Built
  • Lot Size: 0.862 acres
  • Year Built: 1978
  • Taxes: $20,311.36 CAD (2019)

Description

Rooms: 32 Units
Two 2-bedroom suites
Nine 1-bedroom suites
Six 2-bedroom studios
4 Semi-kitchens
16 Full kitchens
2 Rooms are 2 queen sleepers
4 - 1 queen
Two 2 King
One 2 double
3 Family sleepers: 1 bedroom and 2 singles
Web Sites:
http://empiremotel.bc.ca/ https://www.visitpenticton.com/
Recent Upgrades / Improvements:
7 PTAC Units and have 7 on hand for more rooms New windows in 7 rooms
One room totally redone
11 new kitchens
Carpet redone in 2017 in all rooms except one
Amenities and Features:
All rooms are equipped with direct-dial phones, free in-room coffee, and a regularly updated decor. The motel has free hi-speed wi-fi, guests have access to our heated outdoor pool, patio and private picnic area, with gas barbeques. For families with children, there’s a rugged outdoor playground for the children to play in.

Zoning: CT-1
Sewer: Municipal
Water: Municipal
Heat: Electric Baseboard and PTAC Units Cooling: Wall AC Units and PTAC Units Hot Water: Natural Gas
Parking: On Site
Building: 2 wood frame buildings one built in 1968, it has a sloped tar and gravel roof and the second building is wood frame built in about 1978, it has an asphalt shingle roof.
Owner / Manager Suite: Main floor has a living room, dining room, kitchen, bathroom. Second floor has 3 bedrooms and 2 bathrooms. The current owners use the second floor has a rental unit in the high season.
Sign: Owned
Staff: Owners, 1 front desk / maintenance man and up to 7 cleaning staff Swimming Pool: Heated, saltwater

Attachments

P2#354615312
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Information is deemed to be correct but not guaranteed.

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