38005 Cleveland Ave - Hospitality FOR SALE


Squamish, BC V8B 0C3
$12,000,000 CAD
778-906-5707
38005 Cleveland Ave, Squamish, BC for Sale
$12,000,000 CAD
Hospitality - FOR SALE
1/8
null | 5.03% Cap Rate

38005 Cleveland Ave
Squamish, BC V8B 0C3


OVERVIEW

Avison Young is pleased to present The Chieftain in Squamish — a rare opportunity to acquire a landmark mixed-use hospitality asset prominently situated in the heart of Downtown Squamish. The offering includes 27 hotel rooms currently operating as Crash Hotel, a boutique accommodation concept housed within a character-rich building that has long stood as a cornerstone of the community. The Hotel is being offered unencumbered by brand and management offering investment flexibility. The property also features four tenanted commercial units generating strong in-place income, with value-add opportunities and long-term redevelopment potential. This is a unique opportunity for investors and operators to secure a legacy asset in one of British Columbia’s fastest-growing markets — a community defined by its adventure-driven spirit, deep-rooted history, and unparalleled access to the Sea-to-Sky corridor.

FOR SALE DETAILS

PRICE

$12,000,000 CAD

PRICE/SF

$580 CAD /SF

# OF ROOMS

27

PRICE/ROOM

$444,444 {currency}

CAP RATE

5.03%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Chieftain Squamish

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-4

APN/PARCEL ID

012-023-019,012-023-035,012-023-051,012-023-060,012-023-078

ASK ABOUT THIS PROPERTY

Bijan LaljiAvison YoungMore Info
778-906-5707

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Bijan LaljiAvison YoungMore Info
778-906-5707

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