Downtown Squamish hotel sold for $4.5M

The Budget Inn property has potential for commercial and residential redevelopment up to six storeys

By
for Western Investor
October 29, 2018





budget inn
 
A downtown Squamish hotel property has sold for $4.5 million, Marcus & Milichap Real Estate Investment Services reports. 
 
The nearly 18,000 square feet of commercial land currently houses a Squamish Budget Inn, assessed at $2,795,100. The property allows for redevelopment of a commercial and residential project up to six storeys. 
 
The property is located at 28012 Third Ave., Squamish. 
 

Breakdown: 

 
Price: $4,500,000
Lot Size: 17,912 SF
Property Type: Hotel 
Zoning: C4
2017 B.C. Assessment Value: $2,795,100
Date of Sale: 10/26/2018 
City: Squamish 
Province: B.C. 
Name of Brokerage: Marcus & Millichap Real Estate Investment Services Canada Inc.
 

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Mike is based in Marcus & Millichap’s Vancouver office, specializing in multi-family sales across the North Shore, Squamish, Burnaby and New Westminster.

Marcus & Millichap Real Estate
1020-400 Burrard Street
Vancouver, B.C. V6C 3A6
Office: 604-675-5200

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