A 26-unit motel in Penticton has sold for $3.35 million, NAI Commercial Okanagan tells Western Investor.
The Beachside Motel is steps to Skaha Lake beach, situated on a 11,920-square-foot lot. The motel is well maintained and generates strong cash flow from the hotel as well as an ice cream shop.
The property is located at 3624 Parkview St., Penticton.
Breakdown:
Price: $3,350,000
No. of Units: 26
Price/Unit: $128,846
Lot Size: 11,920 SF
Property Type: Hotel
Zoning: CT1
2017 B.C. Assessment Value: $1,799,900
City: Penticton
Province: B.C.
Name of Brokerage: NAI Commercial Okanagan
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