A family-friendly motel across from Okanagan Lake has sold for $3.55 million, NAI Commercial reports.
The 46-unit Slumber Lodge is located across from a lakeside casino and Penticton’s downtown core. The two-storey motel has undergone upgrades to its modern rooms and offers the buyer the possibility to expand or develop a portion of the site’s additional land. The hotel is zoned CT1 for tourist commercial and was built in 1960.
The Slumber Lodge is located at 274 Lakeshore Dr., Penticton.
Breakdown:
Price: $3,550,000
No. of Units: 46
Price/Unit: $77,173
Lot Size: 1.12 acres
Property Type: Hotel
Zoning: CTI
2016 B.C. Assessment Value: $3,122,200
Date of Sale: 06/15/2017
City: Penticton
Province: B.C.
Name of Brokerage: NAI Commercial Okanagan
Name of Vendor: 514932 BC Ltd.
Do you have a Done Deal you'd like to promote? Submit here for a free posting!
