2799 Nicola Ave - Hospitality FOR SALE


Merritt, BC V1K 1B8
$1,350,000 CAD
604-795-2955

NO PHOTO

$1,350,000 CAD
Hospitality - FOR SALE
null | Request Cap Rate

2799 Nicola Ave
Merritt, BC V1K 1B8


HIGHLIGHTS

  • Profitable motel operation with established customer base.
  • Includes a three-bedroom home on-site for owner or caretaker use.
  • Approximately one acre of land with room for future expansion.
  • Located along Nicola Avenue with easy access to major highways.
  • Municipal water and sewer services available on the property.
  • Positioned in Merritt, a regional hub with strong connectivity to the Lower Mainland and Interior BC.

OVERVIEW

This offering presents a rare opportunity to acquire a profitable hospitality asset in the heart of Merritt, British Columbia. Positioned along Nicola Avenue, the property benefits from strong visibility and convenient access to major transportation routes, making it an attractive destination for travelers and long-term guests alike. The motel includes a three-bedroom residence on-site, providing an ideal solution for an owner-operator or live-in caretaker. The property spans approximately one acre, offering significant potential for future expansion or redevelopment. With municipal water and sewer services in place, the site is well-equipped to support additional improvements. Merritt serves as a key service hub in the Thompson-Nicola region, drawing consistent traffic from Highway 5 and Highway 97C, which connect the Lower Mainland to the Interior. This location ensures steady demand from both leisure and business travelers. Whether you are an investor seeking a stable income-producing asset or an operator looking to capitalize on a growing market, this property delivers a compelling combination of current profitability and long-term upside.

FOR SALE DETAILS

PRICE

$1,350,000 CAD

PRICE/SF

$237 CAD /SF

# OF ROOMS

14

PRICE/ROOM

$96,429 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Road Runner Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-2 — Tourist Commercial

APN/PARCEL ID

006-486-371

ASK ABOUT THIS PROPERTY

Rick ToorHomelife Advantage Realty LtdMore Info
604-795-2955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Rick ToorHomelife Advantage Realty LtdMore Info
604-795-2955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.