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1051 Chamberlin Ave
Other Boards Prince Rupert V8J 4J5

$5,250,000
Commercial Sale

Main Photo: 1051 Chamberlin Ave in Prince Rupert: Other Boards Business for sale : MLS®# 963507
Photo 1: 1051 Chamberlin Ave in Prince Rupert: Other Boards Business for sale : MLS®# 963507
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
963507
The Port City is bustling & growing! Situated on 1.176 acres, gentle sloping sunny lot, The Ridge Hotel and Suites is ~16,000 sf with recent extensive renos inside & out completed in 2019. 37 rooms, 2 are 3-bdrm full-service suites with laundry. 35 rooms reno’d to include kitchenettes, upgraded bathrooms, and furniture. Wide hallways, & each level has supply closet for easy cleaning, linens & bedding storage. On-site laundry facilities for guests, & industrial sized machines available if not using local laundry cleaning service. Restaurant seating capacity for ~40 persons with renovated kitchen and newer appliances. Rock now replaces the muskeg allowing for plenty of parking for all sized vehicles. 3-phase power and a BC Hydro Transformer on property if more power required. Expansion of accommodation (increased harbour views) potential with city approvals. Ever increasing revenues. Share sale preferred. Turnkey business. Connect with your favourite Realtor® to request more info.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Building, Land
Lease Type:
Sale of Assets, Sale Of Shares
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Other Boards, Other Boards
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1.176 acre(s)
Taxes:
Construction:
Wood
Ceiling Heights:
Total Building Area:
16,000 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Mainland
Legal Description:
Zoning:
M1
Units in Building:
Units in Community:
Occupancy:
Tenant
Parking Features:
On Site
Business Name:
The Ridge Hotel & Suites
Business Type:
Accommodation
Business Established Year:
2019
Total Units:
Date Listed:
May 10, 2024
Original Price:
5250000.0
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Listed by Pemberton Holmes - Cloverdale
Data was last updated December 27, 2024 at 04:05 AM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.