Downtown Squamish hotel sold for $4.5M
The Budget Inn property has potential for commercial and residential redevelopment up to six storeys
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A downtown Squamish hotel property has sold for $4.5 million, Marcus & Milichap Real Estate Investment Services reports.
The nearly 18,000 square feet of commercial land currently houses a Squamish Budget Inn, assessed at $2,795,100. The property allows for redevelopment of a commercial and residential project up to six storeys.
The property is located at 38012 Third Ave., Squamish.
Lot Size: 17,912 SF
Property Type: Hotel
2017 B.C. Assessment Value: $2,795,100
Date of Sale: 10/26/2018
Name of Brokerage: Marcus & Millichap Real Estate Investment Services Canada Inc.
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