5510 BC-16 - Hospitality FOR SALE


Terrace, BC V8G 0C6
$2,300,000 CAD
604-546-5555
5510 BC-16, Terrace, BC for Sale
$2,300,000 CAD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

5510 BC-16
Terrace, BC V8G 0C6


OVERVIEW

This offering presents a rare opportunity to acquire a turn-key motel and RV property in Terrace, B.C. Rainbow Inn Motel & RV Park features 22 renovated guest rooms, 10 fully serviced RV pads, and a detached manager's residence, all situated on a 1.36-acre site with prominent frontage along Highway 16. It's strategically located along the primary transportation corridor connecting Terrace to Prince Rupert and Kitimat. Extended-stay demand from international tourists, resource workers, medical visitors, and government personnel supports stable year-round occupancy. Over $200,000 in recent capital improvements have been completed, positioning the property in move-in-ready condition with minimal near-term capital requirements.

FOR SALE DETAILS

PRICE

$2,300,000 CAD

PRICE/SF

$125 CAD /SF

# OF ROOMS

22

PRICE/ROOM

$104,545 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rainbow Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

CT

APN/PARCEL ID

023300752

ASK ABOUT THIS PROPERTY

Milap Dhaliwal (William WrightWilliam Wright CommercialMore Info
604-546-5555

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

Milap Dhaliwal (William WrightWilliam Wright CommercialMore Info
604-546-5555

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