- Listing ID: 902153
- (Seller ref: VANCOBC002136)
West Coast Waterfront Development Property With Existing Hotel For Sale
- Location:
-
- Canada
- > British Columbia
- > Tofino
- > Tofino
- Category:
- Type:
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Summary
- Asking price:
- $2,600,000
- Sales revenue:
- $490,000
- Cash flow:
- $190,000
)
Business description
This approximately 1.5 acre waterfront parcel is located in the Village of Tofino BC.
There are three adjoining lots, which in combination provide control over a small oceanfront bay.
Zoning on one lot is R2 Commercial or Family Use. The remaining parcel is zoned zoned C-5 Tourist Commercial District. The entire parcel is within the village commercial development zone. Permitted uses within this zoning category include hotels, spas, resorts and motels, restaurants, conference facilities and retail.
The topography of this parcel is a level building area adjacent to road access with a steep slope toward the ocean. It has excellent views.
On two of the lots there is an operating 13 room hotel which generates average annual gross sales of $490,000 and Discretionary Earnings of $190,000. It would be feasible to maintain revenues from the existing hotel while redeveloping the entire property in phases.
Seller will consider a joint venture for redevelopment. Seller is motivated for a quick sale.
Property information
- Real Estate:
- Real Property Included
- Location:
- 1.5 acre waterfront parcel in the Village of Tofino, BC
Other information
- Planning consent:
- 3 adjoining lots, one lot is R2 commercial or Family use. the remaining parcel is zoned C-5 Tourist Commercial District.
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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- > British Columbia
- > Tofino
- > Tofino
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