A downtown Squamish hotel has sold for $4.45 million, Marcus & Millichap tells Western Investor.
The 24-unit building dates back to 1910 and is complete with a liquor store and restaurant, currently under lease by the Salted Vine. The hotel is situated on an 18,000-square-foot lot. The site is zoned C-4, allowing for commercial redevelopment up to six storeys.
The property is located at 37991 Second Ave., Squamish.
Breakdown:
Price: $4,450,000
No. of Units: 24
Price/Unit: $185,416
Lot Size: 18,000 SF
Property Type: Hotel
Zoning: C-4
2016 B.C. Assessment Value: $2,795,600
Date of Sale: 12/15/2017
City: Squamish
Province: B.C.
Name of Brokerage: Marcus & Millichap Real Estate Investments Services Canada Ltd.
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