47 rooms motel in Penticton, BC Penticton Central (Penticton, British Columbia, CA ) Built

$3,500,000
Strong and steady income generating property

Royal LePage Kelowna

James & Michelle Carmichael James & Michelle Carmichael 12503008399 (Office) 778-363-7668 (Cell) Request More Info

  • Type: Commercial
  • Style: 2 Storey
  • Development Level: Built
  • Suite: Yes
  • Taxes: $26,000.00

Description


The motel has an excellent location on Skaha Lake Road adjacent to the Cherry Lane Mall.
Situated on nearly 1 acre of land the motel has two accesses off Skaha and because it backs onto a lane, it has access from the back of the property as well.
The motel consists of two concrete block and wood frame buildings, both are 2 storeys. There is a central outdoor pool in the courtyard.
The clientele is a mix of both daily and long terms stays, the motel offers clean and affordable accommodations.
Penticton draws many tourists and visitors for the great weather and many events held throughout the year.
Penticton is one of just two cities in the world situated between two lakes. Beaches and water fun are part of the Summer culture here – dive in like a local and get wet! Okanagan and Skaha Beaches feature nearly 15 acres of premium, sandy beach and swimming areas. Along with all of the year-round recreational activities available, agriculture has been an important contributor to Penticton’s livelihood.
There are over 80 wineries in the Penticton metropolitan area, 5 craft breweries and 3 distilleries, all within easy distance of the downtown core.
The Pass Motor Inn is located halfway between the beaches of Skaha Lake and Lake Okanagan beside the Cherry Lane Shopping Centre in Penticton. Clean, comfortable and

affordable rooms, suites and kitchenettes offer groups a convenient spot from which to explore Penticton.
The Inn’s poolside barbecue provides a fun setting in which to enjoy the warmth of a sunny Okanagan day in the company of
family and friends. Amenities such as cable TV, fridges and coin laundry facilities create a home-style atmosphere in which guests may relax while in Penticton.

Land Size: 0.912 Acres
Property Taxes: $23000 2021
Zoning: CT-1
Sewer: Municipal
Water: Municipal
Heat: Electric Baseboards
Cooling: Wall Air conditioners
Hot Water: 2 Tanks Natural Gas Fired
Parking: On Site Paved
Building: Built in 1967 according to BC Assessment. Concrete Block and wood frame on slab. Roofs ae reported to be torch on, one done in 2012 and one in 2015.
Sign: Owned
Rooms:
45 units, 31 have kitchen facilities
17 - one-bedroom suites with kitchens 9 - one bed kitchens
2 – two-bedroom kitchens
2 – two bed kitchens
1 – three-bedroom kitchen
11 – two bedroom no kitchens
3 – three bedroom
Staff: 2 Owners and cleaning staff

Owner / Manager Suite: Lower level has the kitchen / eating area which is attached to the office and laundry area. The second floor has a living room and a den along with two bedrooms and two bathrooms.
Swimming Pool: In ground concrete pool, natural gas heated.
Recent Upgrades / Improvements: Roofs – replaced 2013 & 2015 Sidewalks redone in 2015
Pool furnace 2017
Hot water tank 2017 Amenities and Features:
Free parking
Outdoor seasonal pool BBQ facilities

Attachments

Brokered and Advertised by : Nu Stream Realty
Listing Agent: Amy XU
P2#312783404
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Information is deemed to be correct but not guaranteed.

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